These 4 Sectors Contributed The Most In Stock Markets M-Cap Erosion In 2 Months

#quickclarity #news #india #stockmarket #buisnessandfinance #marketupdates #sensexnews #latestnews #article
These 4 Sectors Contributed The Most In Stock Markets M-Cap Erosion In 2 Months

The headline indices in India in line with global indices have bore the sharp brunt of huge sell-off induced by the Covid 19 outbreak. And still after recovering a great deal on various government’s support measures is down tremendously.

While globally, now the Indian stock markets have dropped out from the 10th spot to 11th spot in market capitalization terms, the erosion during the 2 month period in m-cap of Sensex index is to the tune of 23% i.e. from Rs. 149.5 trillion in February 2020 to Rs.

Also, Nifty’s m-cap during the period under review has tumbled by 23% to Rs 70.6 lakh crore, Nifty Mid-Cap 100’s mcap down by 28% to Rs 12.4 lakh crore, and Nifty Small-Cap 100 by 34% to Rs 3.4 lakh crore.

Now as per a Motilal Oswal report, 4 of the sectors namely:

1. Private Banks (20%)

2. NBFCs( 17%)

3. Technology (11%)

4. Automobile (8%)

have contributed to more than 50% of the erosion in BSE-500 companies’ m-cap.

FMCG sector during the crisis stood strong and reported a fall in m-cap of just 4% or Rs. 0.8 trillion.

And among the private sector banks, the losses were primarily led by HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank.

On the contrary, the only sector that could sail through the tide is the pharma pack and defined overall weak sentiment and surged 5% during the period. Other sectors that were also less impacted from the fall-out of Covid 19 have been telecom stocks and consumer-oriented stocks.

GoodReturns.in


stay connected with us! For more updates

LIKE SHARE and SUBSCRIBE

if you like the article information then press the like button, Comments you’re opinions about this article and share it with family and friends on social media platforms

SUSCRIBE Quickclarity news to get latest news updates


Thank you for reading

Disclaimer : This story is auto-aggregated by a computer program and has not been created or edited by Quickclarity news.

Publisher –oneindia

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.