Indian equity benchmarks nosedived on Thursday as heightened geopolitical uncertainty ran high on investors' minds globally after Russia announced a military operation in Ukraine. As the shockwaves of Russia-Ukraine newsflow reached Dalal Street, the Sensex and Nifty50 saw their steepest fall since May 2020. Both headline indices extended losses to the seventh day in a row.
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During this period, 10 worst performers on the Nifty50 benchmark burned Rs
2,42,564.6 crore of investors' cash, according to exchange data.
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Their cumulative market capitalisation — or market value — came down to Rs Rs 24,04,510.1 crore from Rs 21,61,945.5 crore.
Here's the list:
| Stock | Change in market capitalisation since Feb 15 (in crore rupees) |
| Tata Consultancy Services (TCS) | -1,53,677.1 |
| JSW Steel | -17,319.2 |
| Adani Ports & SEZ | -13,302 |
| Grasim Industries | -11,296.2 |
| Divi's Labs | -10,338.7 |
| HDFC Life | -8,091 |
| Tata Motors | -7,954.2 |
| UPL | -7,625.2 |
| Bharat Petroleum | -7,473.1 |
| Hero MotoCorp | -5,487.8 |
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Overall, investors lost Rs 19.6 lakh crore in wealth in the seven-day period, as the market capitalisation (mcap) of BSE-listed companies came down to Rs 242.7 lakh crore, exchange data shows.
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First Published:Feb 24, 2022 3:56 PM IST