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.