How true are the reports that Indian markets have lost nearly $100 billion in market value in five days?

Even as markets have crashed consistently for the last 5 days, the damage to the market wealth has been huge. Here are some key points that you need to know.

· The consistent selling in the equity markets, especially in frontline stocks over last 5 days had resulted in the erosion of shareholder wealth to the tune of Rs.800,000 crore.

· During this period, the Sensex lost a whopping 2063 points, while the Nifty lost over 600 points, largely led by a sharp fall from higher levels on all the days.

· Continuing on this point further, the fall has been especially sharp from peak levels on 3 out of the last five days.

· Despite a positive FOMC meet on 17 March and a positive undertone, the dovish stance of the Fed had little impact on equity markets as the correction persisted.

· Among the big losers on Thursday were stocks like HCL Tech followed by Infosys, Dr Reddy, TCS, Tech Mahindra and RIL.

· However, there were gainers too. Even in these tough markets there were smart gainers like ITC, Bajaj Auto, M&M, Maruti and Bharti Airtel.

· The biggest reason why markets were driven was due to y concerns of possible fresh economic restrictions in the light of rising COVID cases in India, especially in the prosperous states of Maharashtra.

· Among key BSE indices; there were sharp declines seen in sectors like IT, energy, healthcare, realty and capital goods. Banking was the worst hit in 5 days.