Indian investors losing 100 cr every minute
Mumbai, Mar 1: Investors have lost an average of Rs 100 crore in every five minutes in the first two months of 2009. Investors had lost over Rs 40,00,000 crore since global slump. The total investors' wealth this year is about Rs 2,82,000 crore so far this year.
However, this year's loss has been not so severe compared to 2008 as an average of Rs 100 crore was wiped off in two minutes of trade, as per an analysis of stock market losses during 2008 and first two months of 2009.
In 2009, so far, the investors' wealth on Indian stock market has reduced to about Rs 28,60,000 crore, as per the current market value of the listed companies.