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The market capitalisation on the Bombay Stock Exchange (BSE) increased Rs 3,50,000 crore in the first half of the current fiscal, beating the previous highest m-cap gain of Rs 2,61,000 crore during the six months ended March 2000 based on the boom in information, communication and entertainment stocks. |
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The aggregate BSE market cap increased 64 per cent in the first half of FY04 to Rs 9,01,858 crore on September 30,2003, from Rs 5,50,107 crore on March 31, 2003. |
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Except for diamond and jewellery, all the other 110 sectors recorded an increase in market value, ranging between 25 per cent and 374 per cent. |
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Mining tops the list of gainers with an appreciation of 374 per cent in value, followed by the non-ferrous metals which gained 298 per cent, textiles (ready made) was up 213 per cent and steel up 203 per cent in market capitalisation. |
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The BSE PSU index outperformed all other indices in the six months, almost doubling from 1583.33 on March 31 to 2945.65 at the end of September. |
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During the same period, the benchmark Sensex increased 46 per cent (nearly 1405 points) and S&P CNX Nifty increased 45 per cent (439 points). |
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Public sector undertakings (PSUs) led the charge with a huge 86 per cent rise (Rs 1,39,650 crore) in market capitalisation. |
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The market cap of 51 PSU stocks, including nationalised banks, aggregated at Rs 3,02,358 crore compared with 1,62,708 crore on March 31, 2003. |
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Incidentally, the share of market cap of PSU stocks in the total market cap increased from 29.6 per cent at the end of March 2003 to 33.5 per cent on September 30. |
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Among the 111 sectors tracked by the Business Standard Research Bureau, refineries tops the list of market cap gainers, with a 88.3 per cent (Rs 77,807 crore) increase in market cap to Rs 1,65,981 crore. |
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Banking was the second biggest gainer in the list with its market cap increasing 63.7 per cent (Rs 36,690 crore) to Rs 94,244 crore. Stocks traded under the diversified group appreciated 65.5 per cent to Rs 77,194 crore. |
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Among leading business houses, the Reliance group was the biggest gainer in market cap, while Anil Agarwal
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