As reported in the PTI, investors has lost to the tune of 11,00,000 crore in the stock market in less than three months since Diwali last year, with over Rs. 3 lakh crore being wiped out in the past three days alone. Total investor wealth, measured in terms of cumulative market value of all listed stocks, today itself fell by over Rs. 1,32,000 crore – taking the loss for past three days to over Rs. 3,00,000 crore amid macro-economic concerns emanating from inflationary and governance deficit related factors. In the process, the total investor wealth has fallen to near Rs. 66,00,900 crore – a huge dip of close to Rs. 11,00,000 crore since last Diwali on November 5, 2010, the day when the Sensex scaled its record closing level of 21,004.96 points. The Sensex has now fallen to 18,395.97 points – marking a plunge of over 2,600 points since Diwali. So far in 2011, the investor wealth has fallen by nearly Rs. 9,00,000 crore, while nearly Rs. 2,00,000 crore was lost during the last two months of 2010. Experts said that a huge dip in investor confidence is also corroborated by a considerable plunge in the trading turnover at the bourses. The average daily cash market turnover at the bourses have fallen to nearly Rs. 15,000 crore, marking a decline of over one-third from approximately Rs. 23,000 crore in October-November 2010. The current level of turnover is not even one-third of the record level of business volume witnessed in mid-2009, when the daily average turnover was close to Rs. 50,000 crore. Such was the downfall that only four stocks namely HCL Tech, TCS, Sesa Goa, PowerGrid out of 50 blue chip have given a positive return ( nominal between 0.6 – 7.3%)
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