Investor wealth shrank by nearly Rs 80,000 crore during the week ended on Friday, with the Indian market closing in the negative terrain after rallying for 13 straight weeks.
The total investor wealth, measured in terms of combined market capitalisation of all the listed companies, has decreased by Rs 79,922.59 crore to Rs 50,09,492.65 crore at the end of trade on Friday.
The total market cap of about 4,500 listed companies stood at Rs 50,89,415.24 crore at the end of trade on Friday last.
Investor wealth had increased by a whopping Rs 23,74,946 crore in the 13 weeks since March 6, when the Bombay Stock Exchange benchmark Sensex had set its upward journey.
The market valuation of all the listed companies stood at Rs 27,14,468.85 crore at the end of trade on March 6 and the benchmark index was hovering around 8,324 points.
Investor wealth had crossed the Rs five lakh crore-mark last week with the Sensex breaking the 15,000-level for the first time in nine months.
Further, the 30 Sensex companies, which account for over 47 per cent of the total market capitalisation of all the companies, saw their combined market valuation dropping by over Rs 6,862.47 crore in the week.
The 30-share Bombay Stock Exchange Sensex declined 134 points during the week and settled at 15,237.94 points today. The loss in today's trade was mainly because of a skid in the shares of Ranbaxy Laboratories, DLF and Reliance Communications, which all fell in the range of 4-6 per cent.
At the end of trade today, the valuation of Reliance Industries stood at Rs 3,70,913.18. RIL was followed by ONGC, whose valuation stood at Rs 2,41,007.87 crore, NTPC at Rs 1,82,265.89 crore and NMDC at Rs 1,69,699.25 crore.
The total investor wealth, measured in terms of combined market capitalisation of all the listed companies, has decreased by Rs 79,922.59 crore to Rs 50,09,492.65 crore at the end of trade on Friday.
The total market cap of about 4,500 listed companies stood at Rs 50,89,415.24 crore at the end of trade on Friday last.
Investor wealth had increased by a whopping Rs 23,74,946 crore in the 13 weeks since March 6, when the Bombay Stock Exchange benchmark Sensex had set its upward journey.
The market valuation of all the listed companies stood at Rs 27,14,468.85 crore at the end of trade on March 6 and the benchmark index was hovering around 8,324 points.
Investor wealth had crossed the Rs five lakh crore-mark last week with the Sensex breaking the 15,000-level for the first time in nine months.
Further, the 30 Sensex companies, which account for over 47 per cent of the total market capitalisation of all the companies, saw their combined market valuation dropping by over Rs 6,862.47 crore in the week.
The 30-share Bombay Stock Exchange Sensex declined 134 points during the week and settled at 15,237.94 points today. The loss in today's trade was mainly because of a skid in the shares of Ranbaxy Laboratories, DLF and Reliance Communications, which all fell in the range of 4-6 per cent.
At the end of trade today, the valuation of Reliance Industries stood at Rs 3,70,913.18. RIL was followed by ONGC, whose valuation stood at Rs 2,41,007.87 crore, NTPC at Rs 1,82,265.89 crore and NMDC at Rs 1,69,699.25 crore.
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