Ferrous metal, CR steel sectors missed the party

MARKETS IN THE FIRST-HALF OF 2005-06

One hundred and nine sectors out of 112 sectors tracked by the Business Standard Research Bureau reported gains in first six months of current financial year 2005-06. The three laggards are ferro alloys, sponge iron and hot and cold roll steel manufacturing sectors.

The market capitalisation of ten sectors - including readymade apparel, steel alloys, air-conditioners, power cables and industrial gases - more than doubled in the first half ended September 2005.

In percentage term, leather products led the gainers' list with 296 per cent rise in market capitalisation. Its m-cap rose from Rs 242 crore on April 1, 2005 to Rs 956 crore on September 30.
 
Industrial gases stood on the second position with 178 per cent rise in m-cap, followed by power cables (158 per cent), textiles texturising (142 per cent), air-conditioners (128 per cent) and ceramic tiles (123 per cent). In absolute term, banking stocks leads the gainers' list, increasing investors' wealth by Rs 53,588 crore (28 per cent).

The sector's m-cap rose from Rs 1,94,252 crore in H1 of 2005 to Rs 2,47,840 crore in H1 of 2006.
   
Diversified companies include Reliance Industries ranked second in the list with Rs 42,940 crore gain in m-cap. Total m-cap of 36 diversified companies rose from Rs 1,07,982 crore a six months ago to Rs 1,50,922 crore as on September 30.

Information technology ranked third with Rs 35,075 crore gains in m-cap, followed by telecommunication Rs (31,366 crore), and Refineries (Rs 29,348 crore).

Pharmaceuticals, cigarettes, personal care products, non-banking financial companies, electronic equipment - general and automobiles (two- and three-wheelers) sectors reported more than Rs 10,000 crore gains in m-cap during six months of current FY05-06.

The BSE consumer durables, capital goods, fast moving consumer goods (FMCG) and automobiles index have outperformed the Sensex in the first half of the year. The bankex, oil and gas, healthcare, technology and metal index are among under-performers during the period.
 

INDEX NUMBERS
Sectoral index	1-Apr	30-Sep	%chg	Gain
Consumer durables	1534.62	2462.20	60.44	927.58
Capital goods	3294.52	4917.78	49.27	1623.26
FMCG	1061.37	1545.48	45.61	484.11
Auto	2696.32	3617.12	34.15	920.80
Sensex	6605.04	8634.48	30.73	2029.44
Bankex	3931.30	5125.01	30.36	1193.71
Oil & Gas	3132.76	3989.01	27.33	856.25
S&P CNX Nifty	2067.65	2601.40	25.81	533.75
Healthcare	2584.58	3078.92	19.13	494.34
IT Sector	2718.83	3125.09	14.94	406.26
Metal	6539.52	6842.62	4.63	303.10

The BSE Sensex in the first half of six months appreciated 31 per cent - from 6,605.04 on April 1 to 8,634.48 on September 30. The consumer durable index appreciated over 60 per cent, capital goods 49 per cent, FMCG 46 per cent and automobiles 34 per cent.

The bankex gained 30 per cent, oil and gas 27 per cent, healthcare 19 per cent, information technology 15 per cent and metal 5 per cent.