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:

    Stock Loss 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:

    Stock Gain 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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