Stock market rout erodes Rs 9.6 lakh crore investor wealth in 3 days as Sensex crashes by over 2,100 points

New Delhi: Stock market bloodbath has wiped out a staggering Rs 9.6 lakh crore from investor wealth in three days with the rout continuing amid sell-off in world markets.The BSE benchmark Sensex slumped 1,274.35 points to hit the day's low at 33,482.81 on Tuesday. Post the Union Budget on 1 February, the 30-share index has plummeted by 2,164.11 points.Led by a continuous sell-off, the market capitalisation of BSE-listed companies went down by Rs 9,60,938 crore to Rs 1,43,39,062 crore in three days.[caption id="attachment_4221085" align="alignleft" width="380"]

Representational image. PTI.[/caption]The Sensex slumped 309.59 points, or 0.88 percent, to end at 34,757.16 yesterday. The index had crashed 839.91 points, or 2.34 percent, on Friday."The crash in the mother market - the Dow plunging by 2,200 points in two days has unnerved equity markets globally. The sell-off in the US has led to a global sell-off. Indian market is in tune with global markets in this downturn," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.Extending its falling streak for the sixth straight session, the 30-share index plunged by 1,274.35 points.Investor sentiment has remained sluggish after the government announced in the Budget a proposal to levy 10 percent long-term capital gains (LTCG) tax on equities and projected a fiscal deficit of 3.5 percent of GDP for 2017-18.It was a sea of red as all the 30-share Sensex components were trading with losses led by Tata Motors.Over 200 stocks hit their 52-week lows on BSE on Tuesday.During the morning trade, 2,353 stocks declined, while 223 advanced and 95 remained unchanged.