13.4 lakh crore loss to investors: Market cap reduced to 242 lakh

Indian stock market investors have suffered huge losses today due to the war between Russia and Ukraine. They have suffered a loss of Rs 13.4 lakh crore. The market cap of companies listed in the Sensex was Rs 255.68 lakh crore on Wednesday, which rose to Rs 242.28 lakh crore on Thursday. 

Market cap reduced by 32 lakh crores since October. 

By the way, in October, when the Sensex was at a record 62 thousand, then the market cap had crossed Rs 274 lakh crore. This loss has been more than Rs 32 lakh crore from that level. On Thursday, February 24, investors have suffered a loss of 80 thousand crore rupees from Reliance Industries. 

Reliance’s market cap is Rs 15.25 lakh crore. 

On Wednesday, the market cap of Reliance was Rs 16.05 lakh crore, which is Rs 15.25 lakh crore today. Talking about the top companies in terms of market cap, Tata Consultancy Services (TCS) has incurred a loss of Rs 53 thousand crores. Its market cap was Rs 13.11 lakh crore yesterday, which has become Rs 12.58 lakh. The value of HDFC Bank decreased by Rs 46 thousand crores to Rs 7.86 lakh crore. On Wednesday, it was Rs 8.32 lakh crore. 

Talking about a week, the market cap of Reliance decreased by Rs 1.12 lakh crore (6.78%). Adani Group companies have incurred a loss of Rs 66 thousand crores. 

Infosys has a loss of 28 thousand crores. 

Similarly, the cap of Infosys decreased from Rs 7.33 lakh crore to Rs 7.05 lakh crore, a decrease of 28 thousand crores. The value of Hindustan Unilever (HUL) declined by Rs 21 thousand crores to Rs 5.10 lakh crore from Rs 5.31 lakh crore on Wednesday. 

Banking stocks hit hard. 

Today the shares of the banking sector have taken a beating. These have declined by up to 7%. The cap of the country’s largest bank, SBI, has come down from Rs 4.44 to Rs 4.24 lakh crore. That is, there has been a loss of Rs 23 thousand crores. HDFC also suffered a loss of Rs 17 thousand crores. Its market cap stood at Rs 4.24 lakh crore. Similarly, Bajaj Finance has suffered a loss of Rs 26 thousand crores, Airtel 30 thousand crores, and Kotak Mahindra Bank 19 thousand crore rupees. 

IndusInd Bank down 7.88% 

In banking shares, IndusInd Bank closed down 7.88%, Axis Bank 5.99%, HDFC Bank 5.48%, SBI 5.20, ICICI Bank 5.03%, and Kotak Bank 4.98%. Apart from these, tech companies were also affected badly. The market cap of HCL Tech decreased by Rs 14 thousand crores, while the market cap of Wipro decreased by 17 thousand crores. 

Adani Green’s cap is below 3 lakh crore. 

Adani Green Energy suffered a loss of Rs 12,000 crore, and its market cap was Rs 2.98 lakh crore. By the way, the companies of Adani Group have incurred a loss of Rs 47 thousand crores since February 15. Adani Total Gas has suffered the maximum loss of about 17 thousand crores. 

The market cap of Russia decreased by 18.75 lakh crores. 

The Russian market has suffered a loss of $ 250 billion or Rs 18.75 lakh crore on Thursday due to the war between Russia and Ukraine. Its market share fell 45%. Since this incident, crude oil prices have crossed $105 per barrel. Gold prices have reached the highest level since 2020. It is up 3% at $1971 an ounce.