BSE m-cap at lowest since May 2017; investors lose Rs 33-trn in a month

The m-cap of the BSE-listed firms stood at Rs 137.13 trillion, on Wednesday
Investors lost nearly Rs 11 trillion in the stock markets on Thursday as the benchmark indices S&P BSE Sensex and Nifty registered their biggest fall in absolute terms after the World Health Organization (WHO) declared the worldwide outbreak of the new coronavirus as pandemic.

The total market capitalisation of companies listed on the Bombay Stock Exchange (BSE) hit an over 33-month low on Thursday as the benchmark indices crashed over 7 per cent. The total investor wealth, measured in terms of the cumulative market value of all listed stocks on the BSE, fell by Rs 10.89 trillion to Rs 126 trillion, exchange data shows. 

The market capitalization (market-cap) of the BSE-listed firms stood at Rs 137.13 trillion, on Wednesday. In the past one month, investors have lost Rs 33.4 trillion market cap. Earlier, on June 30, 2017, the total market-cap of all BSE listed companies stood at Rs 125.96 trillion, data shows.

The S&P BSE Sensex hit an intra-day low of 32,493, down 8.98 per cent, or 3,204 points in intra-day trade today. The index finally closed at 33,006, has tanked 21 per cent from the level of 41,566 on February 29, 2020.

As many as half or 15 stocks from the 30--share S&P BSE Sensex have seen their market-cap decline by more than 20 per cent in the last one month. This includes Reliance Industries (RIL), Housing Development Finance Corporation (HDFC), ICICI Bank, Bajaj Finance, State Bank of India (SBI), ITC, Mahindra & Mahindra (M&M), Tata Steel and IndusInd Bank.

RIL was the top destroyers in value terms, with the Rs 2.6 trillion market-cap eroded since February 12, 2020. TCS and HDFC Bank lost Rs 1.5 trillion and Rs 1.24 trillion in market-cap, respectively. HDFC, SBI, ICICI Bank, ITC, Bajaj Finance, Axis Bank, Infosys and ONGC lost market-cap between Rs 50,000 crore and Rs 88,000 crore during the period.

Among other stocks from the S&P BSE 100 index, Indiabulls Housing Finance, Tata Motors, Indiabulls Housing Finance, Motherson Sumi Systems, Vedanta, RBL Bank, LIC Housing Finance, GAIL (India), Tata Power, Hindalco Industries and Bank of Baroda were down between 36 per cent and 51 per cent in one month.

COMPANY LATEST ONE-MONTH BEFORE LOSS(RS) LOSS(%)
INDIABULLS HOUS. 162.90 339.45 -176.55 -52.0
TATA MOTORS 88.00 170.80 -82.80 -48.5
MOTHERSON SUMI 68.05 127.50 -59.45 -46.6
VEDANTA 79.85 141.55 -61.70 -43.6
O N G C 62.60 106.75 -44.15 -41.4
PUNJAB NATL.BANK 33.80 55.50 -21.70 -39.1
LIC HOUSING FIN. 257.55 422.55 -165.00 -39.1
INDUSIND BANK 782.25 1277.20 -494.95 -38.8
GAIL (INDIA) 79.90 130.30 -50.40 -38.7
HINDALCO INDS. 120.00 193.80 -73.80 -38.1
RBL BANK 207.55 332.40 -124.85 -37.6
TATA MOTORS-DVR 44.85 71.15 -26.30 -37.0
NMDC 72.35 114.70 -42.35 -36.9
BANK OF BARODA 56.65 88.20 -31.55 -35.8
TATA STEEL 291.00 447.95 -156.95 -35.0
REC LTD 93.80 141.85 -48.05 -33.9
ST BK OF INDIA 212.75 320.00 -107.25 -33.5
B H E L 24.25 36.35 -12.10 -33.3
CONTAINER CORPN. 382.95 571.35 -188.40 -33.0
PIRAMAL ENTERP. 1036.60 1528.95 -492.35 -32.2
AUROBINDO PHARMA 374.50 544.85 -170.35 -31.3
JSW STEEL 203.50 293.70 -90.20 -30.7
SHRIRAM TRANS. 850.00 1219.00 -369.00 -30.3
FEDERAL BANK 63.10 90.40 -27.30 -30.2
INTERGLOBE AVIAT 1023.40 1442.00 -418.60 -29.0
YES BANK 25.05 35.20 -10.15 -28.8
RELIANCE INDS. 1061.60 1470.00 -408.40 -27.8
TATA POWER CO. 40.50 56.00 -15.50 -27.7
AXIS BANK 547.00 755.15 -208.15 -27.6
B P C L 345.15 474.70 -129.55 -27.3
ITC 156.25 213.00 -56.75 -26.6
M & M FIN. SERV. 288.00 391.25 -103.25 -26.4
GRASIM INDS 562.55 755.10 -192.55 -25.5
BAJAJ AUTO 2350.00 3142.95 -792.95 -25.2
BAJAJ FINSERV 7403.25 9773.50 -2370.25 -24.3
I O C L 87.75 115.05 -27.30 -23.7
BAJAJ HOLDINGS 2900.10 3794.60 -894.50 -23.6
BHARAT FORGE 369.35 483.15 -113.80 -23.6
H D F C 1875.60 2436.55 -560.95 -23.0
UPL 443.55 573.85 -130.30 -22.7
ICICI BANK 425.00 549.30 -124.30 -22.6
ADANI PORTS 289.85 374.00 -84.15 -22.5
TATA CONSUMER 307.00 394.85 -87.85 -22.3
ASHOK LEYLAND 63.35 81.35 -18.00 -22.1
LARSEN & TOUBRO 1013.15 1296.85 -283.70 -21.9
BAJAJ FIN. 3737.35 4769.55 -1032.20 -21.6
TECH MAHINDRA 649.80 821.35 -171.55 -20.9
BOSCH 11430.00 14384.85 -2954.85 -20.5
HERO MOTOCORP 1925.20 2422.85 -497.65 -20.5
EXIDE INDS. 143.70 180.45 -36.75 -20.4
ACC 1156.00 1448.75 -292.75 -20.2
M & M 423.80 530.95 -107.15 -20.2



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel