Stock market rout: India Inc's overall m-cap declines by Rs 14.2 trillion

The coveted club of companies with market capitalisation in excess of Rs 1 trillion has shrunk drastically in the last one month. After Monday’s sharp 13 per cent drop in the benchmark indices, there are only 18 listed firms in that club. On February 20 — just before the coronavirus-induced sell-off began —there were 30 companies with an m-cap of at least Rs 1 trillion.

Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks. If the market continues to fall, the list could shrink further, with