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20 companies lost over Rs 2-lakh crore market-cap in first half of 2017

Five PSUs - ONGC, Coal India, Oil India, NTPC and NMDC have collectively lost Rs 94,407 crore m-cap.

Market outlook: Brace for a choppy FY18, earnings growth key
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Deepak Korgaonkar Mumbai
Twenty companies have lost over Rs 2 lakh crore in market capitalisation (market-cap), even though the equity markets are set to post their best performance in past three years on half yearly basis.

The S&P BSE Sensex has rallied 16% during the first half (January- June) of the current calendar year 2017, its best performance since 2014. The benchmark index closed 30,858 on Thursday, hit a record high of 31,523 on June 22, 2017 in intra-day trade.

Earlier, between January and June, 2014, the benchmark index had rallied 20%.

Foreign institutional investors (Rs 55,186 crore) and mutual