Investors lose 2.7 lakh cr so far this year
Investors have become poorer by a whopping Rs 2.7 lakh crore so far in 2010 due to continued downfall in the domestic stock markets.
The total investor wealth, measured in terms of market capitalisation of all the listed companies together, at close on February 6 stood at around Rs 58.10 lakh crore against Rs 60.81 lakh crore on December 31, 2009.
Since January 4, 2010, the Bombay Stock Exchange barometer Sensex fell by 1,549 points, or 9 per cent due to a mix of domestic and global concerns.
The valuation of all the 30 Sensex companies at close on February 6 stood at Rs 24,21,441 crore, lower by Rs 2.28 lakh crore from Rs 26,49,481 crore as on December 31, 2009.
The market capitalisation of the country’s most valued firm, Reliance Industries, stood at Rs 3.24 lakh crore.
Besides, PSU major ONGC’s market capitalisation stood at Rs 2.34 lakh crore, followed by NMDC at Rs 1.79 lakh crore, NTPC (1.69 lakh crore) and MMTC (Rs 1.68 lakh crore).
source: Business Standard
Tags: investors loss, invetors, totol loss 2010
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