Extending losses to the third consecutive session, Indian stock market benchmarks- the Sensex and the Nifty 50- closed with significant losses of over a per cent each on Tuesday, May 20, amid mixed global cues and growing concerns over stretched valuations.
The Sensex closed 873 points, or 1.06 per cent, lower at 81,186.44, while the Nifty 50 settled with a loss of 262 points, or 1.05 per cent, at 24,683.90.
The selloff was broad-based as the BSE Midcap and Smallcap indices closed with losses of 1.65 per cent and 0.96 per cent, respectively.
The cumulative market capitalisation of BSE-listed firms dropped to nearly ₹438 lakh crore from nearly ₹444 lakh crore in the previous session, making investors poorer by about ₹6 lakh crore in a single session.
(This is a developing story. Please check back for fresh updates.)
