Above Rs. 10 lakh went down the drain at Dalal Street in every second of trade during the fiscal year 2011-12, on an average.
In terms of the cumulative market value of all listed companies, the total investor wealth saw an erosion of Rs. 6,21,937 crore during the fiscal ended March 31, 2012.
Taking into account a total of 248 trading sessions during the year, the average loss for a day was about Rs. 2,508 crore, while the same for one second of trading stood at nearly Rs. 10.7 lakh.
An analysis of market valuation figures for the past decade shows that the losses during the last fiscal erase almost the entire gains from the previous year. The losses in last fiscal came after 2 straight years of gains - Rs. 6.7 lakh crore in 2010-11 and Rs. 30.8 lakh crore in 2009-10 - and were the second highest in over a decade.
In terms of the cumulative market value of all listed companies, the total investor wealth saw an erosion of Rs. 6,21,937 crore during the fiscal ended March 31, 2012.
Taking into account a total of 248 trading sessions during the year, the average loss for a day was about Rs. 2,508 crore, while the same for one second of trading stood at nearly Rs. 10.7 lakh.
An analysis of market valuation figures for the past decade shows that the losses during the last fiscal erase almost the entire gains from the previous year. The losses in last fiscal came after 2 straight years of gains - Rs. 6.7 lakh crore in 2010-11 and Rs. 30.8 lakh crore in 2009-10 - and were the second highest in over a decade.
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