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Investor wealth slumps by Rs 45 trillion since Jan
Friday, October 24, 2008 19:28 [IST]
Mumbai: With the benchmark index Sensex falling below the 9,000-mark today, the investor wealth has seen an erosion of a whopping Rs 45 trillion since BSE barometer had touched the peak of 21,000 in January this year.

The total investor wealth, measured in terms of market capitalisation of all the listed companies together, today dipped to about Rs 27,74,000 crore against close to Rs 73,00,000 crore on January 10,when the benchmark Sensex had scaled its life-time high.

The Sensex today witnessed its second biggest single day fall of over 1,000-points which wiped off over Rs 3.25 trillion since yesterday.

The combined marketcap had been Rs 31,00,607 crore at the end of the yesterday s trade.

The Sensex settled the day below the 9,000 level, down by about 11 per cent, after nearly three years.

The combined market valuation of all the 30 stocks comprising the benchmark index Sensex stood at Rs 12,67,419.90 crore losing as much as Rs 1,71,000 crore in a single day. The Sensex companies command nearly half of total market valuation of all the listed firms.

Among the major losers, corporate behemoth Reliance Industries lost over Rs 29,038 crore in a single day with the scrip dropping over 16 per cent.

While PSU major ONGC s market capitalisation fell over Rs 24,900 crore, Infosys fell by Rs 1,946 crore and telecom major Bharti Airtel lost over Rs 15,403.09 crore.
Source : PTI

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