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Posted on 06 July 2009
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Investors lose Rs 2.54 lakh cr on Budget day
6 Jul 2009, 1957 hrs IST, PTI
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MUMBAI: Investors lost over Rs 2.54 lakh crore on Monday as the market gave a thumbs-down to the Union Budget 2009-10, which failed to provide a
concrete road map for reducing the burgeoning fiscal deficit.
The total investors' wealth, measured in terms of combined market capitalisation of all the listed companies, declined by over Rs 2,54,153 crore at the end of trade today to Rs 46,23,304.34 crore.
The total market capitalisation of all listed entities was at Rs 48,77,457.38 crore at the end of Friday last.
Analysts believe the Budget fell short of high market expectations as it did not make clear how it would push forward with the divestment plans.
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