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from BUSINESS LINE, October 08, 2008 Mumbai, Oct. 7 - It is estimated that Rs 2.3 lakh crore of shareholders wealth eroded in the Indian stock markets in the background of the situation in the US financial markets, said a press release from Crisil.
While the fall in the US markets was lower with S&P 500 index falling by around nine per cent and and Dow Jones index falling by six per cent, emerging markets lost around 18 per cent during September, the release says.
The benchmark index Sensex fell by more than 11 per cent and Nifty around 10 per cent. The Nifty registered its second sharpest fall since January 2008.