 "Sensex set for biggest monthly gain since 2012")
Indian equity markets are set to report its biggest monthly gain in since January 2012 during the current month.
With one more trading day trading remaining in October, both the key indices, Sensex and Nifty, registered their biggest monthly gains in percentage as well as in absolute term, on back of strong fund flows from overseas investors.
The Bombay Stock Exchange (BSE) S&P BSE Sensex has gained 1,654 points or 8.54% and the National Stock Exchange (NSE) CNX Nifty has surged 516 points or 9% so far in the current month.
Foreign institutional Investors (FIIs) have pumped in nearly $2.39 billion (Rs 14,678 crore) in the Indian equity market since September, highest in past five months, according to data available on Sebi's website.
Earlier in January 2012, the Sensex and Nifty had gained 11.25% and 12.4% respectively. FIIs made net investments of $2 billion (Rs 11,000 crore) during the said month.
Meanwhile, the benchmark indices have rallied nearly 13% in past two months after the Reserve Bank of India’s (RBI) has taken slew of measures to ease liquidity. The overseas investors have pumped in over $4 billion (Rs 28,000 crore) between September and October.
The RBI’s recent steps indicate that the central bank is trying to arrest Wholesale Price Index (WPI) move at any cost and RBI is looking confident on rupee stability and economical growth.
Rupee is trading in a stable range and has gained more than 10% against dollar from its recent low of 68.80 it is now trading near 61.00, far away from its recent all time low.
The stronger rupee could help to control inflation, reduce import bill, current account deficit and may support in economic growth, says analyst at Equentis Capital.
Among the secotral indices – BSE capital goods, Bankex, auto and metal indices have rallied between 16-28%, while power and realty index gained 14% each.
Investors have seen their market wealth increased by more than Rs 700,000 crore since August. The combined market capitalisation of BSE-500 companies has appreciated to Rs 64,74,943 crore today from Rs 57,52,728 crore as on August 30, 2013. The BSE-500 stocks accounts nearly 95% of total BSE m-cap.
Of these nearly half or 245 stocks have outperformed the market by gaining over 13% during the period.
The market price of BF Utilities and Dr Datsons Labs have been more than doubled, while Suzlon Energy, Sintex Industries, PI Industries, Ajanta Pharma, TVS Motor Company, JSW Steel, Just Dial, YES Bank and Adani Enterprises have rallied in the range of 50-90%.
With one more trading day trading remaining in October, both the key indices, Sensex and Nifty, registered their biggest monthly gains in percentage as well as in absolute term, on back of strong fund flows from overseas investors.
The Bombay Stock Exchange (BSE) S&P BSE Sensex has gained 1,654 points or 8.54% and the National Stock Exchange (NSE) CNX Nifty has surged 516 points or 9% so far in the current month.
Foreign institutional Investors (FIIs) have pumped in nearly $2.39 billion (Rs 14,678 crore) in the Indian equity market since September, highest in past five months, according to data available on Sebi's website.
Earlier in January 2012, the Sensex and Nifty had gained 11.25% and 12.4% respectively. FIIs made net investments of $2 billion (Rs 11,000 crore) during the said month.
Meanwhile, the benchmark indices have rallied nearly 13% in past two months after the Reserve Bank of India’s (RBI) has taken slew of measures to ease liquidity. The overseas investors have pumped in over $4 billion (Rs 28,000 crore) between September and October.
The RBI’s recent steps indicate that the central bank is trying to arrest Wholesale Price Index (WPI) move at any cost and RBI is looking confident on rupee stability and economical growth.
Rupee is trading in a stable range and has gained more than 10% against dollar from its recent low of 68.80 it is now trading near 61.00, far away from its recent all time low.
The stronger rupee could help to control inflation, reduce import bill, current account deficit and may support in economic growth, says analyst at Equentis Capital.
Among the secotral indices – BSE capital goods, Bankex, auto and metal indices have rallied between 16-28%, while power and realty index gained 14% each.
Investors have seen their market wealth increased by more than Rs 700,000 crore since August. The combined market capitalisation of BSE-500 companies has appreciated to Rs 64,74,943 crore today from Rs 57,52,728 crore as on August 30, 2013. The BSE-500 stocks accounts nearly 95% of total BSE m-cap.
Of these nearly half or 245 stocks have outperformed the market by gaining over 13% during the period.
The market price of BF Utilities and Dr Datsons Labs have been more than doubled, while Suzlon Energy, Sintex Industries, PI Industries, Ajanta Pharma, TVS Motor Company, JSW Steel, Just Dial, YES Bank and Adani Enterprises have rallied in the range of 50-90%.
| TOP GAINERS IN OCTOBER | |||
| Company | 30-Sep-13 | 30-Oct-13 | % Chg |
| BF Utilities | 132.55 | 300.00 | 126.33 |
| KGN Enterprises | 18.10 | 29.50 | 62.98 |
| Sintex Ind | 20.60 | 33.04 | 60.39 |
| Suzlon Energy | 6.49 | 10.19 | 57.01 |
| JSW Holdings | 325.39 | 503.35 | 54.69 |
| Adani Enterprises | 140.55 | 211.00 | 50.12 |
| HCC | 9.93 | 14.56 | 46.63 |
| Delta Corp | 61.00 | 89.20 | 46.23 |
| Dewan Housing | 104.00 | 147.55 | 41.88 |
| NCC | 17.95 | 25.30 | 40.95 |
| Share price on BSE in Rs | |||
| Data complied by BS Research | |||
| TOP FIVE SENSEX/NIFTY MONTHLY GAIN SINCE 2010 | ||||
| In percentage | ||||
| Month | S&P BSE SENSEX | CNX NIFTY | S&P BSE SENSEX | CNX NIFTY |
| Sep,2010 | 20069.12 | 6029.95 | 11.67 | 11.62 |
| Jan, 2012 | 17193.55 | 5199.25 | 11.25 | 12.43 |
| Mar,2011 | 19445.22 | 5833.75 | 9.10 | 9.38 |
| Oct,2013* | 21033.97 | 6251.7 | 8.54 | 9.00 |
| Sep,2012 | 18762.74 | 5703.3 | 7.65 | 8.46 |
| * Till October 30, 2013. | ||||
| Data complied by BS Research | ||||