How Much Have Big Bulls Lost In 2025?

The Nifty 50 has declined for the last five consecutive sessions — its longest losing streak since November 2024. For the year so far, it is down just 2.4%, but the pain has been much more in broader indices.

Nifty Midcap 100 and Nifty Smallcap 100 indices have declined 11% and 14%, respectively, marking their worst start to the year since 2016.

Relentless FII selling (so far around $10 billion in 2025), uncertainty around Trump tariffs, cuts in India Inc’s earnings estimates, relatively higher valuations, and weakening global and domestic macros and currencies are largely the reasons that could have triggered the fall in Indian markets.

This fall in markets has not only impacted retail investors but also the Big Bulls of the Indian stock market.

The top 10 Bulls of the Indian Market have lost close to Rs 6,000 crore in value so far in 2025.

Among noted equity investors, only Radhakishan Damani has seen an increase in portfolio value in 2025 so far, according to data compiled by NDTV Profit. But this is only because of a rise in share prices of Avenue Supermarts Ltd.

Excluding DMart, which is operated by Avenue Supermarts, his portfolio would have also been down by around 13%, and the top 10 bulls would have lost close to Rs 9,300 crore.

Ashish Dhawan has seen the least decline in his portfolio, while Sunil Singhania’s portfolio has declined the most by around 17%.