By Malvika Gurung
Investing.com -- A day after returning to trade on Wednesday, Indian stocks slumped, mirroring an overnight fall on Wall Street and tracking negative signals from Asian markets, as oil prices soared to multi-year highs in early trade, amid escalating Russia-Ukraine tensions and the West imposing aggressive sanctions on Russia.
Investors on Dalal Street lost Rs 76,809 crore in Wednesday’s morning session, led by aggravating global unrest, soaring oil prices, and lower-than-expected GDP growth of 5.3% YoY in Q3 FY22.
The market capitalization of BSE-listed stocks fell by Rs 76,809 crore to Rs 2,51,62,236.2 crore, at par with the domestic and global sell-off, reported PTI.
Moreover, fear barometer, India VIX surged nearly 8% to 30.8 in the session, representing high volatility.
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