Rs 2.82 lakh cr gone in a week

Just six trading sessions into May and investors have lost around Rs 2,82,202 crore on the BSE. The total BSE M-Cap declined to Rs 58,23,116 crore on May 9, 2008 from Rs 61,05,317 crore on May 2. Major reasons behind the fall were concerns over inflation and its impact on corporate profitability. A ruling by US stock market regulator Securities Exchange Commission making reporting norms stricter for companies and bringing more transparency to derivative losses also added to the woe.