Black Monday Wipes out Rs 7 Lakh Crore From Investors' Wealth

Black Monday Wipes out Rs 7 Lakh Crore From Investors' Wealth

As the stock market saw a bloodbath, the investor wealth today crashed by over Rs 7 lakh crore in the biggest ever single-day loss, as a global rout caused jitters across the board.

Crashing below Rs 100 lakh crore mark, the total investor wealth measured in terms of the cumulative valuation of all listed stocks, stood at Rs 95,28,536 crore at the end of the day.

Though notional in nature, just top-20 companies accounted for more than 5 lakh crore of losses.

Among investor classes, the promoters' share was more than 50% at about Rs 4 lakh crore, while FIIs are estimated to have taken a hit of close to Rs 1.5 lakh crore on their portfolios. The loss in the accounts of retail investors is estimated at about Rs 75,000 crore, while institutional investors also took a hit of about Rs 1 lakh crore.

The total investor wealth, measured in terms of the collective value of all listed stocks, fell to Rs 95.29 lakh crore at the end of today's trading session -- down from Rs 102.33 lakh crore at the end of last trading session on Friday.

BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for a number of firms listed on its platform. It has over 4,000 active traded companies and nearly 2.7 crore investors trading on it.

The total market cap is still nearly double the level of about Rs 50 lakh crore in 2009, while it is still about ten-times of the Rs 10 lakh crore levels scaled in 2003.