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| Moreover, all the 111 sectors tracked by the Business Standard Research Bureau ended the financial year with gains over March 31, 2003, levels. |
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| The Bombay Stock Exchange Sensex ended 70 points higher at 5,590.60 on heavy buying by domestic mutual funds and financial institutions on the last day of the current financial year. |
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| Market capitalisation increased Rs 609,680 crore in 2003-04. Earlier, during the technology boom in 1999-2000, the market had gained Rs 459,264 crore in capitalisation. But following the technology meltdown, market capitalisation fell Rs 394,781 crore. |
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| The aggregate market capitalisation more than doubled from Rs 574,342 crore on March 31, 2003, to Rs 1,184,022 crore on March 31, 2004. In comparison, Rs 64,000 crore market capitalisation was lost in the previous financial year. |
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| During the financial year that has just ended, the market outperformed the Sensex, which climbed 83.4 per cent from 3,048.72 on March 31, 2003, to 5,590.60 on March 31, 2004. The market capitalisation of Sensex stocks increased 89.3 per cent (Rs 294,411 crore) from Rs 329,589 crore to Rs 624,000 crore. |
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| Public sector undertakings were the major wealth creators in the year, with their market capitalisation increasing Rs 238,357 crore (146.6 per cent). |
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| The market capitalisation of all listed PSUs, including banks, increased from Rs 162,577 crore on March 31, 2003, to Rs 4,00,933 crore on March 31,2004. |
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| Among PSUs, refinery stocks outperformed the market with average gains of 156 per cent. The market capitalisation of the refinery sector increased Rs 137,349 crore from Rs 88,174 crore to Rs 225,524 crore. Banking stocks posted gains of Rs 72,075 crore. |
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The other prominent sectors in the gainers
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