Since last month, the decline in Indian stock markets has been continuing. Nifty 50 touched a record level of 26,277 on 27 September 2024. But since then till Friday (25 October 2024), the index has fallen by more than 2000 points. The total market cap of BSE-listed companies was Rs 477 lakh crore as of 27 September, which has fallen to Rs 436 lakh crore by Friday. This means that the equity market has suffered a loss of about Rs 41 lakh crore in the last one month. During this period, the biggest decline has been seen in the Nifty 50 index, in which some well-known companies of the country have contributed significantly.
Reliance Industries: Shares of Reliance Industries have fallen 13% since September 27. The company has suffered a loss of Rs 2.77 lakh crore during this period. Reliance Industries is trading down nearly 18% from its highest level of around Rs 3,200. Shares have been trading ex-bonus since Monday's trading session. Earlier, a 1:1 bonus issue was announced.
Hindustan Unilever: Shares of Hindustan Unilever have seen a sharp decline after the September quarter results. The market cap of the stock has declined by more than Rs 1 lakh crore since September 27. It is trading 17% below its highest level of Rs 3,035. While the stock has declined 15% since September 27. TCS: TCS has suffered a loss of Rs 93,546 crore in the same period. During the last one month, the stock has declined 6% and is trading 12% below its highest level. LIC: The country's largest insurance company LIC is also included in this list, whose market cap has suffered a setback of Rs 76,279 crore in the last one month. During this period, the stock has fallen by 12% and it has come down 26% from its highest level. Bajaj Auto: Bajaj Auto's stock fell below the level of Rs 10,000 for a short time on Friday from its peak of around Rs 13,000. The auto company's shares had hit a record high on the same day the Nifty reached its record level. Since those record levels, Bajaj Auto shares have fallen by about 20%. Bajaj Auto shares have lost Rs 70,716 crore in market cap in the last one month. Avenue Supermarts: The stock of Avenue Supermarts, the parent company of Radhakishan Damani-owned hyper-market chain D-Mart, has declined by 21% during the last one month. Due to this, the market cap has lost Rs 67,266 crore. It is trading 26% down from its highest level of around Rs 5,000. Adani Green Energy: During the last one month, Adani Green Energy shares have lost Rs 53,128 crore in market cap. During this period, the stock has declined by 17%. While the stock has fallen by about 25% from its highest level, which is above Rs 2,000. Samvardhan Motherson: The last name in this list is Samvardhan Motherson, whose market cap has declined by Rs 43,581 crore. The stock had recently made its highest level on the same day as Nifty. The stock is 12% below those levels.
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