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Market crash wipes out Rs 3-lakh crore of investor wealth

Thus far in 2016, total BSE m-cap declined by a whopping Rs 14,06,804 crore to Rs 86,30,930 crore today.

Deepak Korgaonkar  |  Mumbai 

Markets' crash wipes out Rs 3 lakh crore in investor wealth

An over 800 point fall in the S&P BSE Sensex has seen Investors lose over Rs 3 lakh crore in just one session today.

The investors' wealth, measured by the total BSE market capitalisation (m-cap), declined by Rs 318,245 crore to Rs 86,30,930 crore today as against Rs 89,49,175 crore on Tuesday.

S&P BSE Sensex slumped 807 points to close at 22,952 its lowest levels since May 9, 2014. The S&P BSE Smallcap and Midcap index ended lower by 4.6% and 3.3%, respectively, trading at their 52-week lows.

Thus far in 2016, total BSE m-cap declined by a whopping Rs 1,406,804 crore from Rs 10,037,734 crore as on December 31, 2015, according to the BSE.

Total 396 stocks have touched their respective 52-week lows on the BSE. As many as 86 out of 298 stocks from the BSE ‘A’ hit 52-week lows today. The list includes Cipla, Bharat Heavy Electricals Limited (BHEL), Housing Development Finance Corporation (HDFC), ICICI Bank, Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI), Tata Motors and Tata Consultancy Services (TCS), Hindalco Industries and Adani Ports.

SBI, TCS, ICICI Bank, Maruti Suzuki India, Tata Motors and ONGC have lost more than Rs 30,000 crore m-cap each thus far in the current calendar year.

Meanwhile, of the 2,481 non-A group stocks that are traded on the BSE, as many as 471 were locked in lower circuit levels and there were no sellers on the counter. Of these 15 stocks including Nagreeka Exports and Nahar Capital & Financial Services were frozen lower circuit of 20%. Around 65 stocks locked in lower circuit filter of 10% and 293 at 5%, the BSE data shows.

Sensex stocks performance in 2016
Name Price
in Rs
%chg* M-cap
Rs cr
chg*
SBI 154.19 -31.3 119,695 -54503
TCS 2196.05 -10.0 432,710 -47908
ICICI Bank 199.35 -23.8 115,875 -36097
ONGC 202.80 -16.2 173,506 -33452
Tata Motors 275.64 -29.5 79,583 -33379
Maruti Suzuki 3541.15 -23.3 106,971 -32449
HDFC 1067.95 -15.4 168,619 -30741
Reliance Ind 922.45 -8.9 298,841 -29205
HDFC Bank 976.05 -9.9 246,560 -26953
ITC 298.70 -8.8 240,104 -23231
NTPC 121.10 -17.0 99,853 -20449
Axis Bank 377.50 -16.0 89,843 -17136
Larsen & Toubro 1092.30 -14.4 101,748 -17079
Coal India 305.05 -7.2 192,681 -14938
Adani Ports 188.50 -27.7 39,037 -14932
Hindustan Unilever 798.80 -7.4 172,852 -13752
Bharti Airtel 308.60 -9.2 123,360 -12512
BHEL 120.35 -28.9 29,457 -11969
Wipro 516.10 -7.8 127,505 -10794
Mahindra & Mahindra 1126.00 -11.4 69,936 -9040
Cipla 541.00 -16.7 43,459 -8716
Bajaj Auto 2331.15 -8.0 67,456 -5855
GAIL 332.30 -11.5 42,152 -5467
Infosys 1081.15 -2.1 248,334 -5375
Hero MotoCorp 2498.44 -7.3 49,894 -3930
Dr Reddys Labs 2887.00 -7.0 49,252 -3688
Tata Steel 225.00 -13.3 21,852 -3356
Asian Paints 855.30 -3.2 82,040 -2739
Lupin 1793.35 -2.4 80,799 -2003
Sun Pharma 830.95 1.3 199,985 2647
*Change over December 31, 2015

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First Published: Thu, February 11 2016. 16:25 IST
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