STOCK CRASH ERODES OVER RS 1.3 LAKH CR FROM INVESTOR WEALTH
and/or www.mantra.com/jai
PTI
The Pioneer
Friday, August 5, 2011
Mumbai - The investors were left poorer by over Rs 1.33 lakh crore
after Friday's stock market crash, even as the market managed to
recover nearly half of the losses suffered earlier during the day.
The plunge in investors' wealth, which is notional in nature and is
measured in terms of cumulative value of all listed stocks, was more
than Rs 2.5 lakh crore at one point of time when the benchmark Sensex
had plunged over 700 points to below the 17,000-point level.
However, the markets managed to recover nearly half of the losses and
some buying at lower levels in afternoon trade helped the Sensex
close 387.31 points down at Rs 17,305.87.
Still, at the end of the day, the total investors' wealth stood at Rs
6,349,524.09 crore -- down from Rs 6,482,649.67 at the end of
yesterday's market closing, as per the BSE data.
The cumulative losses for investors over the past four trading
sessions is estimated at about Rs 4 lakh crore, as the Sensex fell by
about 1,000 points in this period.
In today's trade, only three out of 30 Sensex stocks managed to
register gains. Together, the market value of all the 30 Sensex
companies fell by more than Rs 56,000 crore.
Some of the biggest losses were seen in blue-chips like TCS, Reliance
Industries, Infosys, NTPC, ICICI Bank and Bharti Airtel.
While TCS lost more than Rs 7,800 crore, RIL and Infosys lost about
Rs 6,800 crore each. While NTPC lost over Rs 4,000 crore, BHEL saw
its market value dipping by about Rs 3,500 crore and companies like
Bharti Airtel and ICICI Bank lost about Rs 3,000 crore each.
However, ONGC added about Rs 2,500 crore to its market value, while
modest gains of about Rs 200 crore was seen by Cipla and Hindalco
each.
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Jai Maharaj, Jyotishi
Om Shanti
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Lubow
"use...@mantra.com and/or www.mantra.com/jai (Dr. Jai Maharaj)" wrote in
message news:20110805DJJ4EEk5RbfInDONfUZkAQg@sItVO...
>
> Mumbai - The investors were left poorer by over Rs 1.33 lakh crore
> after Friday's stock market crash, even as the market managed to
> recover nearly half of the losses suffered earlier during the day.
Does this mean that when I call Dell, I will get to speak with someone who
speaks English?
and/or www.mantra.com/jai
"Lubow" <dynami...@hotmail.com> posted:
>
> Dr. Jai Maharaj posted:
> >
> >
> > Mumbai - The investors were left poorer by over Rs 1.33 lakh crore
> > after Friday's stock market crash, even as the market managed to
> > recover nearly half of the losses suffered earlier during the day.
>
> Does this mean that when I call Dell, I will get to speak with someone who
> speaks English?