110 sectors lose 10%-plus market-cap

Of the 129 sectors tracked by Business Standard's research bureau, 110 sectors - including sugar, power, construction, refining, steel products and financial institutions - lost heavily over the last one week, wiping out over 10 per cent of their individual market value.

Out of these sectors, energy, capital goods, telecom, select utilities and steel stocks witnessed a much steeper fall in terms of percentage and value. 
 

BSE SECTORAL INDICES
	21-Jan-08	% Change*
Metal	14963.38	-13.3
Realty	10479.87	-12.83
Oil & Gas	11089.33	-11.95
Power	3828.81	-10.94
Auto	4664.53	-9.39
Cons. Durables	5351.63	-8.43
Healthcare	3701.62	-8.03
TECk	3214.54	-7.58
Bankex	10582.01	-6.95
Cap. Goods	17087.82	-6.8
IT	3573.25	-5.73
FMCG	2173.21	-5.62
*Over previous close
The energy, capital goods, telecom, steel stocks suffered the most, witnessing a drop of 15 to 24 per cent Power cables, pumps & compressors, electronics, mining were only slightly better off, posting losses of 5-10 per cent

Power stocks, for instance, declined by 23.8 per cent, obliterating more than Rs 100,000 crore in just six trading days since January 14, 2008.

The housing and construction (including realty firms) sector met with a similar fate, reducing investor wealth by Rs 97,459 crore or 23.1 per cent. The oil and gas sector lost 21.2 per cent, eroding market value by Rs 154,326 crore.

Banking stocks fell 14.7 per cent, wiping out market-cap worth Rs 97,644 crore, while telecom stocks declined by 18.2 per cent erasing a market cap of Rs 79,228 crore.

Automobile, cement, pharmaceuticals, FMCG, non-ferrous metals and IT stocks joined the meltdown with a decline in market value between 11 and 17 per cent.

The ones which endured the meltdown to an extent (losses of 5-10 per cent) include power cables, pumps & compressors, electronics, mining, cigarettes, glass, air- conditioners, plastics, food products and chemicals.