Indian Stock Markets eroded nearly rs 20 trillion in fiscal year 2008-09

Investors witnessed an erosion of close to Rs 20 trillion from their wealth in the financial year 2008-09, with the Dalal Street crumbling
under the pressure of the global economic downturn, while Reliance Industries emerged as the biggest loser in the period.

The combined market valuation of all the listed companies in the country dropped to Rs 30,86,075 crore on the last day of this fiscal as against Rs 49,72,953.37 crore on March 31, 2008, leading to a loss of over Rs 18,86,000 crore during the period.

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The country's most valued firm corporate behemoth ,Reliance Industries, saw an erosion of close to Rs 89,460 crore from its market valuation during the fiscal ended March 31, 2009.

Interestingly, the Bombay Stock Exchange's benchmark index Sensex, which accounts for around 48 per cent of the market capitalisation of all the listed companies, has suffered a loss of nearly Rs 10,00,000 crore for the fiscal ending March 31, 2009.

Besides, in dollar terms the total loss of market valuation comes out be significantly more as the Rupee has depreciated from Rs 40.02 per dollar on March 31, 2008 to about Rs 50.86 at present. The loss calculated in terms of the respective conversion rates at the two particular dates comes out to be as much as USD 636 billion.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Further, Foreign Institutional Investors have also played spoilsport for Indian equity markets as they have pulled out a whopping Rs 50,000 crore in FY' 2008-09 due to the liquidity crunch back home.

However, analysts predict elections are going to be the deciding factor for the way the domestic stock market would move forward in the next financial year as a stable government could prove positive for the Dalal Street.

we'll i m keeping my fingures crossed for atleast next 6 months or so.....

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