Investors' wealth tumbled by more than Rs 4 lakh crore in morning trade on Friday as markets suffered a steep decline.
Continuing its decline for the second day, the BSE gauge plummeted 1,148.05 points or 2 per cent to 53,954.63.
Tracking decline in equities, the market capitalization of BSE-listed companies plunged Rs 4,09,554.44 crore to Rs 2,46,96,434.57 crore in morning deals.
Asian Paints, Maruti Suzuki India, Hindustan Unilever, Titan, and M&M were the biggest drag in morning trade, tumbling up to 6.8 per cent.
In the previous session, the 30-share BSE index finished 366.22 points or 0.66 per cent lower at 55,102.68.
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"The war and surge in crude have completely transformed the economic scenario and market expectations. If the war prolongs, global economic growth may be impacted," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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