M-cap surges Rs 2 lakh cr in 8 days

The market capitalisation of stocks traded on the Bombay Stock Exchange (BSE) rose by over Rs 2,00,000 crore during the non-stop 662-point rally of Sensex between April 27 and May 9.

The aggregate market capitalisation of traded stocks on the BSE soared to a record high of Rs 33,89,554 crore today, from Rs 31,85,385 crore on April 27 "" an increase of Rs 2,04,169 crore in last eight trading days.

The Sensex rallied non-stop 662 points (5.73 per cent) in last eight trading days, from 11835.02 on April 27 to 12513.86 today.

Of 2,700 actively traded stocks, 75 per cent (2,041 stocks) reported gains, while remaining 25 per cent or 659 stocks were losers. The prices of 489 stocks have gone up by over 20 per cent during the period.

Eight of the 489 stocks have more than doubled; 26 stocks gained in the range of 50-100 per cent; 80 stocks between 40 and 50 per cent and 209 stocks in the range of 25-40 per cent.

Top 10 gainers in terms of market capitalisation accounted 44 per cent of the total m-cap increased in last eight trading days. Reliance Industries, Oil and Natural Gas Corporation (ONGC) and National Mineral and Development Corporation (NMDC) collectively accounted for over 25 per cent or Rs 55,240 crore rise in m-cap during the period.

Reliance Industries, the major contributor to Sensex rally, was the largest gainer. The total m-cap of the company increased by Rs 22,088 crore from Rs 1,38,912 crore on April 26 to Rs 1,61,000 crore today.

Oil and Natural Gas Corporation (ONGC), the first public sector company to cross Rs 2,00,000 crore m-cap, reported Rs 19,414 crore appreciation in total m-cap during the period. Its m-cap rose from Rs 1,85,898 crore to Rs 2,05,313 crore.

The NMDC's m-cap increased Rs 13,738 crore to Rs 55,368 crore (Rs 41,630 crore). Among other prominent gainers, ICICI Bank's m-cap rose by Rs 6,447 crore (Rs 56,874 crore), Reliance Communication Venture by Rs 5,009 crore (Rs 41,623 crore), Hindustan Copper by Rs 4,388 crore (Rs 13,617 crore), Sterlite Industries by Rs 4,270 crore (Rs 37,563 crore) and State Bank of India by Rs 4,231 crore (Rs 51,317 crore).

Hindustan Lever (Rs 1,753 crore), Wipro (Rs 763 crore), GAIL (Rs 651 crore), Peninsula Land (Rs 566 crore) and Bharat Earth Movers (Rs 533 crore) are major losers during this period.

Among the sectoral classifications, out of 119 sectors tracked by the Business Standard Research Bureau (BSEB), 106 industries reported gain, while the remaining 13 sectors' m-cap decline in the range of 1-6 per cent.

Petrochemicals polymers, mining, trading, non-ferrous metals, banks, automobile tractors and oil explorations are the major sectors that have seen m-cap rising by more than 10 per cent. Sugar, food products, retailing, personal care products and gas distributions companies are among the losers during the period.

The aggregate m-cap of 37 banks increased Rs 26,469 crore to Rs 2,75,726 crore, followed by petrochemicals polymers Rs 23,063 crore (Rs 1,76,472 crore), oil exploration Rs 19,498 crore (Rs 2,07,242 crore), mining Rs 14,743 crore (Rs 64,149 crore), non-ferrous metals Rs 11,614 crore (Rs 94,795 crore) and telecommunications Rs 10,796 crore (Rs 1,59,594 crore).