Mumbai, Aug 3 (TIWN) A series of bad news has caused an erosion of Rs 13.7 lakh crore from the Indian capital markets in less than a month since the Union Budget was presented on July 5, leaving the markets battered and bruised.

In the past 19 sessions, the benchmark Sensex has lost over 3,400 points. Banking on high hopes from the new government, the Sensex had surpassed the 40,000-mark ahead of the Budget. But since then it has been mostly downhill.  The markets have now reversed all the gains made in 2019. In fact, all the gains in the first six months of 2019 have been reversed in one single month of July, largely on the account of one of the highest monthly outflows of foreign funds.