Stock Market Highlights: Sensex settles 589 pts lower, Nifty below 24,100 on geopolitical tensions

Investors’ wealth got wiped out by Rs 8.88 lakh crore in two days of market slump due to profit-taking and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. On Friday, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the day, it dropped 1,195.62 points or 1.49 per cent to 78,605.81.
In two days, the benchmark has lost 903.96 points or 1.12 per cent.

The market capitalisation of BSE-listed firms declined by Rs 8,88,975.14 crore to Rs 4,21,58,900.91 crore (USD 4.93 trillion) in two days.