Total market cap of BSE-listed firms near 1-year low

The total market capitalisation of BSE-listed companies touched Rs 136.61 trillion on Friday, recorded its lowest level since October 11, 2017.

The total market capitalisation of BSE-listed companies touched almost one year low of Rs 136.61 trillion on Friday, after a 11% correction in benchmark indices since September 2018 as a falling rupee, surging global crude oil prices, and weak global cues continued to weigh on investor sentiment.

Investor wealth of BSE-listed firms, measured by market capitalisation (market cap), had seen a previous low of Rs 136.09 trillion on October 11, 2017, the BSE data shows. Since September 2018, the total market cap of BSE-listed companies declined by Rs 22.74 trillion from Rs 159.35 trillion.

The S&P BSE Sensex settled at 34,377 on Friday, lost 4,268 points or 11% from August 31, 2018 level of 38,645. Markets ended 2.2% lower today after the Reserve Bank of India (RBI) sprung a surprise and kept the repo rate unchanged at 6.50%. Most experts had expected the central bank to hike rates by 25 bps.

In absolute terms, Reliance Industries (RIL) was the largest loser, lost Rs 1.21 trillion market cap during the period. Maruti Suzuki India (Rs 666 billion) and ITC (Rs 511 billion) have lost more than Rs 500 billion market cap, while Hindustan Unilever, Bajaj Finance, State Bank of India (SBI) and Oil and Natural Gas Corporation (ONGC) have seen market cap erosion in the range of Rs 400 billion to Rs 500 billion.

Analyst at Prabhudas Lilladher believes that rising crude, falling INR/USD and liquidity crunch can lead to lower growth rates and cut in earnings in the coming quarters.

Indiabulls Ventures, YES Bank, PNB Housing Finance, Edelweiss Financial Services, IIFL Holdings, Bank of Baroda, Bandhan Bank and Indian Bank have seen their market value declined by in the range of 30% to 43% during the period.

The non-banking financial companies (NBFCs) have been spooked by the IL&FS fiasco and we expect higher cost of funds and a considerable slowdown in the lending growth for NBFC. As NBFCs were one of the fastest vehicles of growth in the financing of durables, white goods, housing and automobiles, some impact of growth in these segments can’t be ruled out, the brokerage firm said Q2 quarterly preview.

	Share price on BSE in Rs			Market cap (Rs billion)
Company	31/08/2018	05/10/2018	% chg	05/10/2018	Lost*
Reliance Inds.	1240.95	1049.85	-15.40	6654.41	-1211.22
Maruti Suzuki	9097.25	6893.00	-24.23	2082.24	-665.86
ITC	319.15	277.15	-13.16	3392.85	-510.77
Hind. Unilever	1780.60	1559.45	-12.42	3375.66	-478.63
Bajaj Fin.	2859.15	2038.10	-28.72	1177.96	-474.54
St Bk of India	308.85	257.80	-16.53	2300.76	-455.60
Kotak Mah. Bank	1285.35	1053.35	-18.05	2008.74	-441.88
O N G C	179.95	146.95	-18.34	1885.84	-423.50
I O C L	155.65	118.05	-24.16	1146.48	-365.16
H D F C	1931.50	1715.15	-11.20	2909.90	-357.62
Bharti Airtel	383.35	296.75	-22.59	1186.23	-346.17
Yes Bank	343.40	206.20	-39.95	476.17	-316.44
Bandhan Bank	694.75	456.80	-34.25	544.87	-283.83
Godrej Consumer	964.80	702.85	-27.15	718.43	-267.69
HDFC Bank	2062.25	1962.85	-4.82	5333.41	-265.50
M & M	965.25	768.60	-20.37	955.52	-244.47
ICICI Bank	342.65	306.60	-10.52	1973.01	-231.65
Nestle India	11576.60	9300.05	-19.67	896.71	-219.50
Bajaj Finserv	6754.85	5377.60	-20.39	855.76	-219.17
B P C L	362.20	265.35	-26.74	575.61	-210.09
Axis Bank	649.20	568.45	-12.44	1460.41	-207.06
Indiabulls Vent.	771.00	437.20	-43.29	264.50	-201.94
Larsen & Toubro	1369.10	1229.30	-10.21	1723.46	-196.00
HDFC Stand. Life	461.90	367.50	-20.44	740.11	-189.89
Eicher Motors	28021.50	21158.35	-24.49	576.94	-187.14
UltraTech Cem.	4470.15	3802.90	-14.93	1044.37	-183.24
Piramal Enterp.	3201.90	2207.75	-31.05	399.58	-178.68
IndusInd Bank	1903.85	1609.90	-15.44	968.03	-176.07
Adani Ports	383.35	299.00	-22.00	619.21	-174.68
Avenue Super.	1605.65	1331.85	-17.05	831.19	-170.87
Tata Motors	267.10	216.55	-18.93	684.74	-158.78
Asian Paints	1371.10	1207.90	-11.90	1158.62	-156.54
Britannia Inds.	6733.40	5435.75	-19.27	653.16	-155.92
Indiabulls Hous.	1260.40	910.20	-27.78	388.38	-149.43
Coal India	286.10	263.05	-8.06	1632.86	-143.08
Bank of Baroda	152.90	98.85	-35.35	261.51	-142.99
H P C L	254.05	165.05	-35.03	251.51	-135.62
Motherson Sumi	304.75	240.75	-21.00	506.85	-134.74
Sun Pharma.Inds.	652.20	598.25	-8.27	1435.40	-129.44
DLF	220.45	149.05	-32.39	265.95	-127.40
L&T Fin.Holdings	181.85	119.85	-34.09	239.35	-123.82
Dewan Hsg. Fin.	666.80	274.30	-58.86	86.07	-123.17
Infibeam Avenues	228.00	59.70	-73.82	39.60	-111.65
Shree Cement	18960.20	15809.00	-16.62	550.79	-109.79
SBI Life Insuran	670.80	562.20	-16.19	562.20	-108.60
Dabur India	479.00	419.95	-12.33	741.74	-104.30
Pidilite Inds.	1165.55	961.75	-17.49	488.52	-103.35
Hero Motocorp	3253.10	2740.85	-15.75	547.38	-102.30
* Market cap lost over August 31, 2018
Source: CapitalinePlus, BSE