Investors lose Rs 18 trillion in two months; SBI lose Rs 727 billion

Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 18 trillion in past two months to Rs 138 trillion at 11:55 AM;

Investors have lost a whopping amount of Rs 18 trillion in the stock market in past two months with Rs 2.3 trillion being wiped out in Friday’s trade so far, amidst a global sell off over concerns related to a trade war between the US and China.

The S&P BSE Sensex and Nifty 50 index were down 1.4% today, falling 10% in past two months. Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 18 trillion during the period to Rs 138.56 trillion at 10:55 AM; the exchange data shows.

The total market valuation of all listed firms on BSE had hit a record high level of Rs 156.57 trillion levels on January 23, 2018.

State Bank of India (SBI), the government owned bank, hit the worst with total market capitalization (market-cap) of the lender declined by Rs 727 billion to Rs 2,018 billion today.

According to media report, the Central Bureau of Investigation (CBI) has registered a case on a complaint from SBI of alleged loan fraud of Rs 8.24 billion committed by Chennai-based Kanishk Gold Pvt Ltd.

The BSE said the exchange has sought clarification from SBI with respect to news article titled "SBI registers Rs 8.24 billion bank fraud case against Kanishk Gold with CBI". The reply is awaited.

Reliance Industries (RIL), the second largest loser in terms of market-cap, with erosion of Rs 563 billion, followed by ICICI Bank (Rs 556 billion) and Tata Consultancy Services (Rs 542 billion) have lost more than Rs 500 billion market-cap in past two months.

Oil and Natural Gas Corporation (ONGC), Bharti Airtel, Axis Bank, Tata Motors, HDFC Bank, Vakrangee, Indian Oil Corporation and ITC have seen their market-cap erosion between Rs 250 billion and Rs 370 billion.

Of the BSE500 companies, as many as 95 stocks have lost one-four or an over 25% in past two months. JBF Industries, Punjab National Bank, Vakrangee, Bank of India, PC Jeweller, Reliance Naval and Engineering and Union Bank of India were down in the range of 40% to 53%.

Company	23/01/2018	Latest	% chg
JBF Inds.	203.90	96.00	-53
Punjab Natl.Bank	185.90	93.00	-50
Vakrangee	496.80	257.80	-48
Reliance Nav.Eng	50.80	28.75	-43
Bank of India	169.25	96.75	-43
PC Jeweller	576.90	331.25	-43
Union Bank (I)	145.05	86.40	-40
Birla Corpn.	1159.65	715.80	-38
Adani Power	38.25	23.80	-38
Siti Networks	24.75	15.60	-37
IFCI	30.90	19.50	-37
Hind.Construct.	39.35	24.90	-37
Allahabad Bank	72.65	46.10	-37
H D I L	61.15	39.50	-35
Unitech	8.82	5.71	-35
Bank of Maha	21.15	13.75	-35
Canara Bank	374.55	244.10	-35
Bajaj Hindusthan	14.25	9.33	-35
Titagarh Wagons	164.85	108.50	-34
Welspun Corp	191.15	126.25	-34
Balrampur Chini	126.20	83.65	-34
DCM Shriram	596.00	395.80	-34
Jindal Saw	174.65	116.00	-34
Jindal Stain.	121.10	81.00	-33
PTC India Fin	36.55	24.50	-33
Syndicate Bank	80.40	54.65	-32
Motil.Oswal.Fin.	1469.75	999.50	-32
BEML Ltd	1521.10	1037.00	-32
Jai Corp	188.15	128.85	-32
Astra Microwave	115.30	79.00	-31
Andhra Bank	58.00	40.00	-31
KRBL	630.40	435.80	-31
Trident	87.60	60.60	-31
Power Fin.Corpn.	120.85	83.65	-31
Praj Inds.	113.70	78.75	-31
Lak. Vilas Bank	137.85	95.50	-31
GMR Infra.	23.85	16.55	-31
Uflex	461.75	320.85	-31
Top losers from S&P BSE 500 index
Latest price on BSE in Rs at 11:55 am