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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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