Investors mostly got a raw deal from the stock markets, with as many as 1,000 companies, including top five IT firms Infosys, TCS, Wipro, Satyam and HCL Tech, collectively losing over Rs 2,50,000 crore in market value in 2007-08. Infosys, TCS and Wipro lost Rs 18,000-42,000 crore, while Satyam, HCL Tech and Patni lost Rs 2,000-4,500 crore.

Tata Motors, M&M, Hindustan Zinc, Cipla, Container Corp, Dr Reddy’s, Tech Mahindra, i-Flex, Videocon, MTNL, Bharat Forge, Sobha Developers, United Breweries, Amtek Auto, Cadila, Wockhardt, Aventis Pharma, Ansal Properties, Aurobindo Pharma, Mindtree Consulting, Hexaware, Subex and NIIT Tech all lost between Rs 1,000-10,000 crore each.

Flagship companies of two Ambani groups, Reliance Industries and Reliance Communications, are among the five biggest losers in the Sensex market capitalisation league during the first three months of 2008. Among the top five companies which suffered the most, Reliance Industries, DLF and Reliance Communication are promoted by richest Indians, Mukesh Ambani, K P singh and Anil Ambani respectively. ICICI Bank and Reliance Communications lost Rs 51,425 crore and Rs 49,079 crore respectively. Continue Reading»

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