If the promoter shares held by various states and other government entities are also taken into account, the total government loss, although in notional terms, grows up to about Rs 4,50,000 crore since January 10, when the market benchmark Sensex hit its life-time high before embarking upon its ongoing southward journey. However, when compared in percentage terms, the loss in the value of government’s holding is equivalent to the broader market losses of about 30 per cent in this period.

The total investor wealth, measured in terms of market value of all the listed companies, had dipped to Rs 50,51,648 crore currently, as against over Rs 71,00,000 crore as on January 10, according to data available with the bourses. Out of these, the market capitalisation of 46 public sector companies, where the government holds at least 50 per cent equity, has dropped by more than Rs 5,33,000 crore, led by losses ranging between Rs 60,000-75,000 crore for trading firm MMTC, power generation major NTPC and energy giant ONGC. Besides, companies like NMDC, State Bank of India, BHEL, SAIL, Indian Oil, Power Grid Corp, Neyveli Lignite, Hindustan Copper and Power Finance Corp have also seen their market values plummeting by Rs 10,000-40,000 crore each.

Including an estimated 46 companies where the Government of India is a promoter, either directly or through other PSUs, there are more than 80 listed firms where either the central or state governments or other government entities is among the promoter group, according to shareholding patterns available with the bourses. The total market capitalisation of all these companies has dropped by about Rs 5,50,000 crore from nearly Rs 18,60,000 crore on January 10 to close to Rs 13,08,000 crore as on April 4. Besides, the value of the government holding in these firms has dropped from about Rs 14,60,000 crore on January 10 to close to Rs 10,28,000 crore currently.