Nifty Lost Rs 3.6 Lakh Crore in Market Value in 2018 So Far

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The National Stock Exchange's (NSE) Nifty 50 Index lost Rs 3.6 lakh crore in market value in the year 2018 (up till now), from global cues and bank frauds in India.

Nifty Lost Rs 3.6 Lakh Crore in Market Value in 2018 So Far

It has declined by 4% overall and 10% from its January peak in one quarter that is between 1 January and 31 March 2018. The index's market cap is currently Rs 72.25 lakh crores. Public Sector Unit (PSU) Banks experienced the biggest decline with Nifty PSU Bank losing over 22% in 4 months. Nifty IT index, on the other hand, gained 7%.

38 out of the 50 Nifty stocks experienced an erosion in their market capitalisation.

The top 10 Nifty 50 losers were:

StockLoss in Value (in Crores)
Bharati Airtel                                      52,346 
State Bank of India                                      51,792 
Tat Motors                                      33,409 
Maruti Suzuki                                      26,234 
Reliance Industries                                      24,100 
ICICI Bank                                      22,742 
ONGC                                      22,330 
BPCL                                      19,579 
Vendanta                                      19,348 
Sun Pharma                                      18,246 

The top 10 Nifty 50 gainers were:

StockGain in Value (in Crores)
HDFC                                      32,696 
TCS                                      28,322 
Infosys                                      19,620 
Tech Mahindra                                      13,322 
Coal India                                      12,632 
HCL Technologies                                      10,876 
Induslnd Bank                                        8,955 
Larsen & Turbo                                        7,385 
Kotak Mahindra Bank                                        7,290 
HDFC Bank                                        4,485 

Inputs from Bloomberg

Read more about: nifty, nifty 50
Story first published: Saturday, March 31, 2018, 17:02 [IST]
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