August cost investors Rs 1 cr per second

The BSE benchmark index Sensex lost over 1,500 points in the entire month,while the investor wealth plummeted by Rs 5,55,650 crore – the biggest monthly loss since January 2011 when the market had lost little over Rs 7,00,000 crore.

There were 21 trading days during August,with each day having 23,400 seconds of trade. This puts the average loss for every second at Rs 1.13 crore for the month.

The losses would have been much higher,but for a sharp rebound in the last two days of trading,when the market rose by over 5 per cent with an over 800-point rise in the Sensex and about Rs 3 lakh crore gain in investor wealth.

The average loss for one day was about Rs 26,500 crore. This includes losses for all the investor classes – promoters as well as public shareholders of over 4,000 actively traded companies in the stock market.

This is based on decline in the value of all listed stocks,which fell to Rs 60,61,625 crore at the end of August.

Adding to the investors’ agony,August proved to be the fourth consecutive month of monthly losses.

The markets also recorded losses in July (Rs 1,13,673 crore),June (Rs 921 crore) and May (Rs 1,76,220 crore) – taking the total four-month loss to Rs 8,50,000 crore.