Nifty Has Lost Rs 3.6 Lakh Crore In Market Value So Far This Year

The NSE's Nifty 50 Index has lost around Rs 3.6 lakh crore in market value so far this year, as investor sentiment was soured by a global sell-off and a Rs 13,000 crore bank fraud back home.

The benchmark declined 10 percent from its January peak and 4 percent overall in the last quarter of the financial year 2018. The index's market cap currently stands at around Rs 72.25 lakh crore.

The India VIX, a measure of volatility, gained nearly 25 percent in the first three months of the year.

Shares of state-owned lenders were declined the most as the Nifty PSU Bank index lost over 22 percent in a four-month-long rout. Bucking the trend was the Nifty IT Index, which is up over 7 percent so far this year.

Out of the 50 Nifty stocks, 38 saw erosion in market capitalisation, Bloomberg data showed.

Also Read: In Charts: How Markets Fared In FY18

Here are the top 10 Nifty gainers and losers for the year so far: