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Foreign institutional investors (FIIs) who pulled out more than $3 billion from the Indian equities since July 23, 2015, were the largest losers losing nearly Rs 2 lakh crore, in the current market crash.
Since July 22, from its recent high, the S&P BSE Sensex, the Bombay Stock Exchange’s (BSE) benchmark index, declined 3,304 points or 12% - from 28,505 to 25,201 today.
The total BSE market capitalisation of the traded stocks fell by Rs 11,22,834 crore to Rs 93,83,643 crore during the period. It stood Rs 105,06,477 crore as on July 22, 2015, the BSE data shows.
The aggregate market value of equity shares of BSE500 companies, in which FIIs hold stake eroded by Rs 199,840 crore in past 32 trading days.
FIIs' total wealth in the Indian equity market declined from Rs 19,79,595 crore on July 22 to Rs 17,79,755 crore on Friday, September 4.
According to data released by the NSDL, overseas investors have pulled out Rs 21,612 crore ($3.74 billion) from the Indian equity market between July 23 and September 4, amid concerns about the slowdown in China and the prospects of a US rate hike on September 17.
Based on FIIs holding as of June 2015, their market value in four stocks – Housing Development Finance Corporation (HDFC), Reliance Industries, ICICI Bank and Axis Bank - depreciated by over Rs 10,000 crore. In 36 firms, their market wealth declined Rs 1,000 crore to Rs 4,000 crore.
The financials – HDFC, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, State Bank of India and Yes Bank – have seen one-third or Rs 76,329 crore of the total FIIs value erosion.
HDFC, in which FIIs held 78.82% stake, have seen value erosion of Rs 25,279 crore. The stock of mortgage lender declined 15% from Rs 1,346 to Rs 1,144 on the BSE. ICICI Bank (Rs 13,806 crore), Reliance Industries (Rs 13,272 crore) and Axis Bank (Rs 12,760 crore) were other three major losses for the FIIs.
The findings are based on data culled from the latest shareholding patterns of the companies available and the assumption is that there has been no change in stake till date.
Meanwhile, in past three calendar years, FIIs had made a net investments of Rs 338,588 crore ($60.61 billion) between 2012 and 2014. Thus far in 2015, they are net buyers of Rs 24,205 crore ($4.1 billion), data shows.
Since July 22, from its recent high, the S&P BSE Sensex, the Bombay Stock Exchange’s (BSE) benchmark index, declined 3,304 points or 12% - from 28,505 to 25,201 today.
The total BSE market capitalisation of the traded stocks fell by Rs 11,22,834 crore to Rs 93,83,643 crore during the period. It stood Rs 105,06,477 crore as on July 22, 2015, the BSE data shows.
The aggregate market value of equity shares of BSE500 companies, in which FIIs hold stake eroded by Rs 199,840 crore in past 32 trading days.
FIIs' total wealth in the Indian equity market declined from Rs 19,79,595 crore on July 22 to Rs 17,79,755 crore on Friday, September 4.
According to data released by the NSDL, overseas investors have pulled out Rs 21,612 crore ($3.74 billion) from the Indian equity market between July 23 and September 4, amid concerns about the slowdown in China and the prospects of a US rate hike on September 17.
Based on FIIs holding as of June 2015, their market value in four stocks – Housing Development Finance Corporation (HDFC), Reliance Industries, ICICI Bank and Axis Bank - depreciated by over Rs 10,000 crore. In 36 firms, their market wealth declined Rs 1,000 crore to Rs 4,000 crore.
The financials – HDFC, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, State Bank of India and Yes Bank – have seen one-third or Rs 76,329 crore of the total FIIs value erosion.
HDFC, in which FIIs held 78.82% stake, have seen value erosion of Rs 25,279 crore. The stock of mortgage lender declined 15% from Rs 1,346 to Rs 1,144 on the BSE. ICICI Bank (Rs 13,806 crore), Reliance Industries (Rs 13,272 crore) and Axis Bank (Rs 12,760 crore) were other three major losses for the FIIs.
The findings are based on data culled from the latest shareholding patterns of the companies available and the assumption is that there has been no change in stake till date.
Meanwhile, in past three calendar years, FIIs had made a net investments of Rs 338,588 crore ($60.61 billion) between 2012 and 2014. Thus far in 2015, they are net buyers of Rs 24,205 crore ($4.1 billion), data shows.
| Price in Rs | M-cap Rs crore | FII stake | M-cap loss | |||
| Name | 04 Sep,15 | % chg* | 04 Sep,15 | Loss* | in % | Rs crore |
| HDFC | 1,144.00 | -15.0 | 180,038 | -32,071 | 78.82 | -25,279 |
| ICICI Bank | 257.85 | -18.7 | 149,698 | -34,300 | 40.25 | -13,806 |
| Reliance Industries | 835.60 | -20.5 | 270,580 | -69,524 | 19.09 | -13,272 |
| Axis Bank | 468.85 | -20.5 | 111,434 | -28,667 | 44.51 | -12,760 |
| HDFC Bank | 995.70 | -10.6 | 250,623 | -29,558 | 32.45 | -9,592 |
| Kotak Mahindra Bank | 606.40 | -16.7 | 110,857 | -22,108 | 35.32 | -7,808 |
| Bharti Airtel | 349.85 | -20.4 | 139,849 | -35,777 | 16.28 | -5,824 |
| Coal India | 346.75 | -19.8 | 219,020 | -54,194 | 9.16 | -4,964 |
| Larsen & Toubro | 1,533.85 | -17.3 | 142,750 | -29,816 | 16.18 | -4,824 |
| Mahindra & Mahindra | 1,112.20 | -17.1 | 69,078 | -14,245 | 32.99 | -4,699 |
| Sensex | 25,201.90 | -11.59 | 9,383,643 | 1,122,834 | ||
| *Change/loss over July 22, 2015 | ||||||
| Source : Bloomberg/BSE/Shareholding pattern | ||||||
