You are here: Rediff Home » India » Business » Report
Search: The Web
  Discuss this Article   |      Email this Article   |      Print this Article

Investors lose over $300 bn in 6 days
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
January 21, 2008 17:44 IST
Investors on Dalal Street [Get Quote] have lost over $300 billion (Rs 11,85,285 crore or Rs 11,852.85 billion) in the last six days with more than half of the loss coming from today's fall of the benchmark index Sensex--its biggest ever.

The 30-share index Sensex Monday witnessed a fall of 1,400 points, tumbling below the 18,000-point to close at 17,605.35.

The huge drop in the index was led by blue chip heavyweights -- Reliance Energy [Get Quote], ACC, Bajaj Auto [Get Quote], DLF and Reliance Industries [Get Quote].

The Sensex has lost 3,222.1 points in last six trading sessions, while investors' wealth -- measured in terms of cumulative market capitalisation of all the listed companies -- has declined by Rs 11,85,285.46 crore (Rs 11,852.85 billion).

The total market capitalisation stood at Rs 59,53,525.87 crore (Rs 59535.25 billion) at the end of today's trading against Rs 71,38,810 crore (Rs 71,388.1 billion) before bourses began business last week on January 14.

While the investors have lost a whopping Rs 6,63,975 crore (Rs 6,639.75 billion) in just one trading session from market cap of Rs 66,17,501.33 crore (Rs 66,175.01 billion) on Friday last week. The investors had lost over 5,21,310 crore (Rs 5,213.1 billion) in the five trading sessions last week.

According to market analysts, the major fall has been mainly due to the slowdown concerns in the US economy among other factors.

© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2008 India Limited. All Rights Reserved. Disclaimer | Feedback