Indian stocks listed on the American bourses suffered a loss of close to $2 billion in a week, following unfolding of India's biggest

Indian stocks listed on the American bourses suffered a loss of close to $2 billion in a week, following unfolding of India's biggest accounting fraud by NYSE-listed Satyam Computer. Indian stocks listed on the American bourses suffered a loss of close to $2 billion in a week, following unfolding of India's biggest accounting fraud by NYSE-listed Satyam Computer. Despite, a halt in trading in Satyam Computer from Wednesday, the rest of the 15 Indian stocks on US bourses bore the brunt of the negative market sentiment and witnessed a fall of $1.94 billion in their combined market capitalization in the week ending January 9. Meanwhile, the Hyderabad-based company, which traded on the first two day of the week, added $2.66 billion on the speculations that some rival IT firm might acquire it. The combined market-cap of all firms excludes. Meanwhile, private sector lender HDFC Bank's market valuation plunged by $1.20 billion and ICICI Bank's by $1.04 billion, respectively. IT major Wipro saw an erosion of $277 million in its valuation. Other major losers include telecom major Tata Communication whose market capitalization declined $152 million and another telecom entity Mahanagar Telephone Nigam, which tumbled by $135 million.