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Market cap gains Rs 1.74 lakh cr

STOCK REPORT

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BS Research Mumbai
Last Updated : Feb 14 2013 | 9:43 PM IST
The 620-point bounceback in the last three trading sessions has helped recover Rs 1,74,751 crore in market capitalisation. Between December 7 and December 12, the market cap had declined by Rs 2,81,086 crore.
 
While the Sensex has bounced back by 619.50 points to 13,614.52 in last three trading days, the Nifty has moved up 162 points of 300 points.
 
Banking, telecommunications, information technology, refineries and power sectors reported smart come back with the market capitalisation of these sectors surging more than Rs 10,000 crore each, while constructions, pharmaceuticals, cement and non-ferrous metal sectors recovered more than Rs 5,000 crore each in market capitalisation.
 
Among sectoral indices, the BSE consumer durables index bounced back by 8 per cent in the last three sessions. The banking index, Bankex, gained 7 per cent, followed by metal index (6 per cent), capital goods index (5.1 per cent), healthcare index (4.7 per cent), IT and auto index (4 per cent) each.
 
The BSE small-cap index outperformed the Sensex and mid-cap index during the period. The small-cap index appreciated by 6 per cent compared with 5 per cent rise in the Sensex and 4.5 per cent in the mid-cap index.
 
Including, Reliance Communications (Rs 466.65), Crompton Greaves (Rs 208.40), J& K Bank (Rs 574.50) and ICI (Rs 425) total eighty two stocks hit one year highs on BSE.
 
Reuters adds: The Senses rose rose 0.94 per cent on Friday, gaining for a third straight day as they recovered from a sharp sell-off, with dominant stock Infosys Technologies leading the index.
 
The Sensex gained 127.36 points to close at 13,614.52 points, with 23 firms in the positive territory, but was down 1.3 per cent on the week.
 
"I would say the uptrend is still intact as the market has been able to cover almost 60 per cent of the losses incurred," said Gajendra Nagpal, director at Unicorn Investments.
 
The Sensex has risen 4.8 per cent in three days after it had slid 7 per cent in a three-day sell-off that began last Friday.

 

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First Published: Dec 16 2006 | 12:00 AM IST

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