MUMBAI: Investors' wealth fell below the Rs 50 trillion-mark for the first time since September last year, with the benchmark index Sensex witnessing its second biggest fall today.
Total market capitalisation of all the listed-companies on the Bombay Stock Exchange dropped below the Rs 50 lakh crore-mark to Rs 49,05,583.88 crore today.
The investors wealth, which stood at Rs 52,24,076.16 crore on Friday last week, saw an erosion of over Rs 3.18 lakh crore today.
The 30-share benchmark Sensex closed at 14,809.49, plunging 951 points - the second biggest meltdown in its life-time amid a fall in the global markets as well. The Sensex had witnessed its highest-ever fall of over 1408.35 points on January 21, 2008.
Among the Sensex shares, ICICI Bank was the biggest loser with a fall of over 13 per cent, followed by Jaiprakash Associates and HDFC, which dropped over 11 per cent each.
The index accounts for about 42.97 per cent of the total market capitalisation on the bourse. Its market cap fell over Rs 1.15 crore from Friday to settle at Rs 21,07,740.73 crore today.
Anil Ambani-led Reliance Energy dropped over eight per cent to close at Rs 1,190.80, while its market cap fell to Rs 28,165.99 crore.
Besides, corporate behemoth Reliance Industries' marketcap stood at Rs 3,16,982.92 crore, followed by state-run ONGC at Rs 2,10,464 crore, NTPC (Rs 1,54,808 crore) and telecom major Bharti Airtel (Rs 1,40,957 crore).
Until last week, over half a trillion dollar had been wiped off from the wealth of investors in Indian stocks since the beginning of 2008.
Source : TET
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