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

Total investor wealth measured by market capitalisation fell by Rs 10.9 trillion to Rs 126 trillion today.

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