MARKET MAYHEM: Tatas lose $20 bn market wealth since July; Ambanis $15 bn!

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zeenews.india.com Updated on Sunday, August 21, 2011, 10:16.

New Delhi: Salt-to-software conglomerate Tata group, the country's largest in terms of market wealth, has also taken the biggest hit of over USD 20 billion in its market valuation since July.

Indian stock market has been under tremendous pressure in recent weeks, primarily due to global economic worries, and its overall valuation has fallen by an estimated USD 200 billion so far in the current quarter, beginning July 1.

The loss suffered by Ratan Tata-led group accounts for over 10 percent of the overall loss in the market and is also higher than a cumulative erosion of USD 15 billion from the stock wealth of two Ambani groups.

While Mukesh Ambani-led Reliance Industries group has lost close to USD 9.89 billion, the group led by younger Ambani sibling Anil has seen little over USD 5 billion being eroded from its market wealth in this period.

    

An analysis of market wealth data of large corporate groups shows that the business houses having suffered significant erosion in their valuation also include Vedanta, Adani, ICICI, Infosys, Wipro and Jindal groups.

On the other hand, the losses have been relatively less for groups like Birla, Mahindra, Bajaj, HDFC and L&T, while that of Sunil Mittal-led Bharti group has actually seen a marginal increase of Rs 19 crore since July 1.

The Indian market's total valuation has fallen from USD 1.53 trillion (Rs 67, 31, 000 crore) at the beginning of this quarter to USD 1.33 trillion (Rs 59, 29, 250 crore) currently.

The market benchmark Sensex has dropped by over 2,500 points or about 13 percent in this period.

Among individual groups, Tatas' market wealth has fallen from a little over USD 100 billion (about Rs 4, 48, 000 crore) on July 1 to USD 79.5 billion (about Rs 3, 55, 000 crore) – a loss of about Rs 93,000 crore (USD 21.13 billion) for the group.

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http://zeenews.india.com/business/news/news_content.aspx?newscatid=3&newsid=28768

MARKET MAYHEM: BSE Sensex crash erodes over Rs 1.3 lakh crore from investors!

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August 5, 2011 / PTI, Mumbai / DC.

Investors were left poorer by over Rs 1.33 lakh crore after today's stock market crash, even as the market managed to recover nearly half of the losses suffered earlier during the day.

The plunge in investors' wealth, which is notional in nature and is measured in terms of cumulative value of all listed stocks, was more than Rs 2.5 lakh crore at one point of time when the benchmark Sensex had plunged over 700 points to below the 17,000-point level.

However, the markets managed to recover nearly half of the losses and some buying at lower levels in afternoon trade helped the Sensex close 387.31 points down at Rs 17,305.87.

Still, at the end of the day, the total investors' wealth stood at Rs 6,349,524.09 crore - down from Rs 6,482,649.67 at the end of yesterday's market closing, as per the BSE data.

The cumulative losses for investors over the past four trading sessions is estimated at about Rs 4 lakh crore, as the Sensex fell by about 1,000 points in this period.

Full Story at,

http://www.deccanchronicle.com/channels/business/news/bse-sensex-crash-erodes-over-rs-13-lakh-crore-investors-537

Markets crashed due to external reasons: Pranab Mukherjee!

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PTI / The Hindu / NEW DELHI, August 5, 2011.

Finance Minister Pranab Mukherjee on Friday said the plunge in the stock markets is purely due to external factors, like concerns over the U.S. recovery and Euro Zone debt crisis, and hoped the volatility is temporary and it would recover soon.

“This is nothing domestic. It is substantially due to external factors,” Mr. Mukherjee told reporters here.

The stock benchmark Sensex had crashed by over 700 points to slip below 17,000-point level for the first time since May last year. However, as the day progressed it made some recovery and the sensex closed 387 points lower.

“This is mainly because of the fact that some projection has been made about poor recovery of U.S. This has affected the market sentiment. Current volatility is temporary. Hope that there will be a recovery shortly,” the minister said.

Mr. Mukherjee cited two-main reasons for fall in stocks world over.

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http://www.thehindu.com/business/Economy/article2327694.ece

SENSEX: falls by 261 points in opening tradeNSEX: Falls by 261 points in opening trade!

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PTI / The Hindu / MUMBAI, July 12, 2011.

The Bombay Stock Exchange benchmark Sensex fell by over 261 points despite Infosys reporting a 15.72 per cent jump in first quarter earnings this morning - PTI.

The Bombay Stock Exchange benchmark Sensex fell by over 261 points in opening trade on continued selling by funds and investors even as Infosys reported a 15.72 per cent jump in first quarter earnings this morning.

Infosys Technologies’ Q1 net profit rose 15.72 per cent to Rs. 1,722 crore, while its revenue was up 20.76 per cent at Rs. 7,485 crore.

Inspite of the good news, the 30—share Sensex, which opened 112 points lower, declined by 261.27 points, or 1.39 per cent, to 18,460.12 in the first few minutes of trade today on sustained selling in stocks of IT, tech, realty, banking and metal companies.

In a similar fashion, the wide—based National Stock Exchange Nifty index slid by 80.65 points, or 1.43 per cent, to 5,535.45 points.

Infosys, the second most—weighted firm on the Sensex, was trading 5.52 per cent down at Rs. 2,758 a share after dipping to Rs. 2,660.55.

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http://www.thehindu.com/business/markets/article2220647.ece

SENSEX: jumps 201 points to two-month high!

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PTI / The Hindu /  MUMBAI, June 29, 2011.

Investors watch the screen on the facade of the Bombay Stock Exchange in Mumbai. File photo.

In a five-day long rising streak, the BSE benchmark index Sensex climbed to a two-month high adding over 201 points on buying by funds on expectations of better economic growth, shrugging off inflationary concerns.

The 30-share index, which had gained nearly 943 points in last four sessions, advanced further by 201.41 to 18,693.86, a level last seen on May 2.

Investors covering their pending short positions ahead of the ending of June month contract expiry in the derivatives segment tomorrow, further also fuelled the uptrend, marketmen said.

A firming trend in global markets on easing concerns of European sovereign debt crisis also boosted the sentiments.

Trading sentiment turned bullish as Finance Minister Pranab Mukherjee stood by his economic growth target even after the longest string of monetary tightening measures in a decade, brokers said.

Full Story at,

http://www.thehindu.com/business/markets/article2144614.ece