The market capitalisation of stocks on the Bombay Stock Exchange (BSE) surged 16.5 per cent to Rs 130,343 crore in the last 20 trading sessions between August 1 and August 29.
The market capitalisation of these stocks soared from Rs 788,316 crore on July 31 to Rs 918,659 crore on August 29. During the same period, the BSE Sensex gained 11.9 per cent, or 452.12 points, at 4,244.73, while the broadbased National Stock Exchange's S&P CNX Nifty gained 14.4 per cent, or 155.2 points, at 1,356.55 from 1,185.85.
Of the 112 industry classifications tracked by the Business Standard Research Bureau, only 12 sectors reported a drop in market capitalisation at Rs 893 crore, from Rs 12,141 crore to Rs 11,248 crore.
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Riding on the disinvestment buzz, stocks of public sector undertakings (PSUs) gained the most in market capitalisation in terms of absolute value. The capitalisation of PSU stocks climbed 30.4 per cent, or Rs 53,801 crore, from Rs 176,790 crore to Rs 230,591 crore.
The market capitalisation of refinery stocks surged 34.8 per cent, or Rs 38,859 crore, from Rs 111,538 crore to Rs 150,396 crore. The composite and alloy steel sector stood second in absolute value gains at Rs 10,035 crore, from Rs 19,527 crore to Rs 29,562 crore.
Pharmaceutical shares ranked third with a Rs 9,412 crore gain, followed by information technology (Rs 8,140 crore), diversified stocks (Rs 7,806 crore), banks (5,534 crore), telecommunications (Rs 4,744 crore) and fast-moving consumer goods (Rs 4,250 crore).
The Oil and Natural Gas Corporation (ONGC) scrip was the biggest individual gainer, with market capitalisation climbing 35.1 per cent, or Rs 22,758 crore, at Rs 87,581 crore from Rs 64,823 crore between August 1 and August 29.
The Indian Oil Corporation scrip was the second major gainer with a Rs 10,996 crore rise in its market capitalisation. Steel Authority of India Ltd ranked third in the list, with a Rs 7,331 crore gain in its market capitalisation. The market capitalisation of stocks on the Bombay Stock Exchange (BSE) surged 16.5 per cent to Rs 130,343 crore in the last 20 trading sessions between August 1 and August 29.
The market capitalisation of these stocks soared from Rs 788,316 crore on July 31 to Rs 918,659 crore on August 29. During the same period, the BSE Sensex gained 11.9 per cent, or 452.12 points, at 4,244.73, while the broadbased National Stock Exchange's S&P CNX Nifty gained 14.4 per cent, or 155.2 points, at 1,356.55 from 1,185.85.
Of the 112 industry classifications tracked by the Business Standard Research Bureau, only 12 sectors reported a drop in market capitalisation at Rs 893 crore, from Rs 12,141 crore to Rs 11,248 crore.
Riding on the disinvestment buzz, stocks of public sector undertakings (PSUs) gained the most in market capitalisation in terms of absolute value. The capitalisation of PSU stocks climbed 30.4 per cent, or Rs 53,801 crore, from Rs 176,790 crore to Rs 230,591 crore.
The market capitalisation of refinery stocks surged 34.8 per cent, or Rs 38,859 crore, from Rs 111,538 crore to Rs 150,396 crore. The composite and alloy steel sector stood second in absolute value gains at Rs 10,035 crore, from Rs 19,527 crore to Rs 29,562 crore.
Pharmaceutical shares ranked third with a Rs 9,412 crore gain, followed by information technology (Rs 8,140 crore), diversified stocks (Rs 7,806 crore), banks (5,534 crore), telecommunications (Rs 4,744 crore) and fast-moving consumer goods (Rs 4,250 crore).
The Oil and Natural Gas Corporation (ONGC) scrip was the biggest individual gainer, with market capitalisation climbing 35.1 per cent, or Rs 22,758 crore, at Rs 87,581 crore from Rs 64,823 crore between August 1 and August 29.
The Indian Oil Corporation scrip was the second major gainer with a Rs 10,996 crore rise in its market capitalisation. Steel Authority of India Ltd ranked third in the list, with a Rs 7,331 crore gain in its market capitalisation.
Reliance Industries' market capitalisation surged Rs 5,767 crore, followed by that of HPCL (Rs 3,609 crore), Ranbaxy Laboratories (Rs 3,532 crore), Bharti Tele-Ventures (Rs 3,466 crore), Hindustan Lever (Rs 3,159 crore), ITC (Rs 2,872 crore), Wipro (Rs 2,850 crore), Bharat Heavy Electricals Ltd (Rs 2,140 crore) and Infosys Technologies (Rs 2,100 crore).
The list of shares that lost market capitalisation was led by Zee Telefilms, which suffered a loss of Rs 778 crore, followed by IDBI (Rs 405 crore), UTI Bank (Rs 158 crore), Moser Baer (Rs 129 crore) and Himachal Futuristic (Rs 98 crore). Reliance Industries' market capitalisation surged Rs 5,767 crore, followed by that of HPCL (Rs 3,609 crore), Ranbaxy Laboratories (Rs 3,532 crore), Bharti Tele-Ventures (Rs 3,466 crore), Hindustan Lever (Rs 3,159 crore), ITC (Rs 2,872 crore), Wipro (Rs 2,850 crore), Bharat Heavy Electricals Ltd (Rs 2,140 crore) and Infosys Technologies (Rs 2,100 crore).
The list of shares that lost market capitalisation was led by Zee Telefilms, which suffered a loss of Rs 778 crore, followed by IDBI (Rs 405 crore), UTI Bank (Rs 158 crore), Moser Baer (Rs 129 crore) and Himachal Futuristic (Rs 98 crore).