Shareholders' wealth up Rs 2000 bn in Oct-Nov

Promoters richer by over Rs 1,05,340 crore of which govt has a share of Rs 44,000 crore.

In the two months beginning October 1, 2004, shareholders' wealth has appreciated by a whopping Rs 2,000 billion (Rs 2,00,000 crore) in the Indian equities market.

Promoters, including the Indian government which holds a sizeable stake in the public sector undertakings (PSU), are obviously the largest gainers.

Foreign institutional investors (FIIs), which have invested around Rs 10,000 crore in the last two months are the second biggest gainers. Financial institutions (FIs) are third major gainers and the public and other shareholders come fourth in the gainers chart. 
 

The top 20
	Gain (in Rs crore)*
	FIIs	Public	Total
Infosys Techno	4,203	2,152	10,358
HDFC	2,972	653	4,790
ICICI Bank	2,009	344	4,236
Bharti Tele	876	86	7,339
ONGC	775	353	11,871
Reliance Ind	753	444	3,294
SBI	685	395	5,973
HDFC Bank	567	314	2,124
Tata Motors	566	349	3,074
ITC	557	447	3,680
Hind Lever	519	829	4,105
TCS	445	720	10,339
PNB	407	141	3,190
GAIL	378	143	2,972
BPCL	334	70	2,406
Wipro	279	776	11,071
Tata Steel	278	688	2,322
Maruti Udyog	248	161	2,070
SAIL	69	160	3,697
Indian Oil	46	145	4,304
*Gain over 30th Sept, 2004

This study is based on the shareholding pattern of 2,100 companies as on September 30, 2004. These companies accounted for 94 per cent of the total market capitalisation. The market capitalisation of these companies has increased by 15 per cent (Rs 2,00,000 crore) to Rs 14,54,808 crore.

The promoters are richer by over Rs 1,05,340 crore, of which the government has a share of Rs 44,000 crore. Private sector promoters are sitting on an additional Rs 611 billion (Rs 61,100 crore) of wealth.

The FIIs holdings have appreciated by Rs 236 billion (Rs 23,649 crore). The FIs have raked in Rs 10,677 crore as mutual funds saw their equity corpus appreciated by Rs 5,489 crore. The Indian public got Rs 229 billion (Rs 22,949 crore).

The FIIs hold shares in 673 companies and their stake is currently valued at Rs 1,842 billion (Rs 1,84,186 crore). Most of the FIIs holding is in companies in the Sensex basket.

The FIIs realised gains of over 20 per cent each in ten Sensex stocks, while in another ten, these benefited from a 10-20 per cent price appreciation.