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Over 2,000 points rally in the Sensex since June 12 has made investors richer by more than Rs 9 lakh crore.
The total investor wealth, measured in terms of cumulative market capitalisation (market-cap) of all listed companies on the BSE, rose to Rs 106,59,739 crore, up by Rs 951,221 crore from its recent low touched in June.
At 12:03 pm, the BSE benchmark Sensex, which was up 142 points at 28,379, gained 7.6% or 2,007 points from its recent low of 26,371 touched on June 11, 2015, on closing levels. The BSE total market-cap stood at Rs 97,08,518 crore, the BSE data shows.
Strong inflows from domestic mutual funds have helped the market to rebound sharply. Between June 12 and August 7, 2015, the mutual funds have made net investments of Rs 12,845 crore, while foreign institutional investors (FIIs) put net amount of Rs 4,837 crore in equities, the Securities and Exchange Board of India (Sebi) data shows.
“The important reasons for this performance are the increase in domestic inflows, the improvement in operating margin leading to fair Q1FY16 results and the cut in commodities & gold prices,” said Vinod Nair, head-fundamental research, Geojit BNP Paribas Financial Services.
Meanwhile, oil continues to slide, suggesting the benefits of lower commodity prices could continue reflect favourably in the margins in the coming quarters, which should also benefit from the improved government capex.
Of the 757 stocks from the BSE500, Midcap and Smallcap index about 195 scrips have seen price appreciation of more than 25% each, while 276 stocks gained between 8%-25% during the period. These 757 stocks account 95% of the total BSE market-cap.
The market value of seven stocks - GM Breweries, Himatsingka Seide, Indian Infotech, Rajesh Exports, Nilkamal, Gayatri Projects and NIIT have zoomed more than 100%.
Meanwhile, the market-cap of total 21 companies has increased by over Rs 10,000 crore each. Reliance Industries, HDFC Bank, Maruti Suzuki India, ITC, Infosys, Indian Oil Corporation, Housing Development Finance Corporation (HDFC) and State Bank of India (SBI) have seen gain of more than Rs 20,000 crore each in their market-cap.
Among the sectoral classification, banking was the best performing sector and added Rs 1,83,000 crore in total m-cap of the BSE. Refineries added Rs 89,000 crore followed by pharmaceuticals (Rs 88,676 crore), fast moving consumer goods (Rs 67,322 crore), automobiles (Rs 56,900 crore) and information technology (IT) software (Rs 42,929 crore).
However, Vedanta, Oil and Natural Gas Corporation(ONGC) and Tata Motors have seen market-cap erosion of more than Rs 10,000 crore each. Gail India, NMDC, Tata Consultancy Services (TCS), Tata Steel, Cairn India, Tech Mahindra, Hindalco Industries, Bharti Infrastructure and Hindustan Zinc market-cap declined between Rs 2,000 crore to Rs 7,000 crore during the period.
The total investor wealth, measured in terms of cumulative market capitalisation (market-cap) of all listed companies on the BSE, rose to Rs 106,59,739 crore, up by Rs 951,221 crore from its recent low touched in June.
At 12:03 pm, the BSE benchmark Sensex, which was up 142 points at 28,379, gained 7.6% or 2,007 points from its recent low of 26,371 touched on June 11, 2015, on closing levels. The BSE total market-cap stood at Rs 97,08,518 crore, the BSE data shows.
Strong inflows from domestic mutual funds have helped the market to rebound sharply. Between June 12 and August 7, 2015, the mutual funds have made net investments of Rs 12,845 crore, while foreign institutional investors (FIIs) put net amount of Rs 4,837 crore in equities, the Securities and Exchange Board of India (Sebi) data shows.
“The important reasons for this performance are the increase in domestic inflows, the improvement in operating margin leading to fair Q1FY16 results and the cut in commodities & gold prices,” said Vinod Nair, head-fundamental research, Geojit BNP Paribas Financial Services.
Meanwhile, oil continues to slide, suggesting the benefits of lower commodity prices could continue reflect favourably in the margins in the coming quarters, which should also benefit from the improved government capex.
Of the 757 stocks from the BSE500, Midcap and Smallcap index about 195 scrips have seen price appreciation of more than 25% each, while 276 stocks gained between 8%-25% during the period. These 757 stocks account 95% of the total BSE market-cap.
The market value of seven stocks - GM Breweries, Himatsingka Seide, Indian Infotech, Rajesh Exports, Nilkamal, Gayatri Projects and NIIT have zoomed more than 100%.
Meanwhile, the market-cap of total 21 companies has increased by over Rs 10,000 crore each. Reliance Industries, HDFC Bank, Maruti Suzuki India, ITC, Infosys, Indian Oil Corporation, Housing Development Finance Corporation (HDFC) and State Bank of India (SBI) have seen gain of more than Rs 20,000 crore each in their market-cap.
Among the sectoral classification, banking was the best performing sector and added Rs 1,83,000 crore in total m-cap of the BSE. Refineries added Rs 89,000 crore followed by pharmaceuticals (Rs 88,676 crore), fast moving consumer goods (Rs 67,322 crore), automobiles (Rs 56,900 crore) and information technology (IT) software (Rs 42,929 crore).
However, Vedanta, Oil and Natural Gas Corporation(ONGC) and Tata Motors have seen market-cap erosion of more than Rs 10,000 crore each. Gail India, NMDC, Tata Consultancy Services (TCS), Tata Steel, Cairn India, Tech Mahindra, Hindalco Industries, Bharti Infrastructure and Hindustan Zinc market-cap declined between Rs 2,000 crore to Rs 7,000 crore during the period.
| Price on BSE in Rs | |||
| Company | 11 Jun,2015 | 07 Aug,2015 | % chg |
| G M Breweries | 109.00 | 395.20 | 262.6 |
| Himatsingka Seide | 75.00 | 186.20 | 148.3 |
| Rajesh Exports | 239.30 | 554.15 | 131.6 |
| Nilkamal Ltd | 530.25 | 1167.00 | 120.1 |
| Gayatri Projects | 202.30 | 439.90 | 117.4 |
| NIIT | 37.75 | 75.60 | 100.3 |
| Trident | 23.45 | 46.45 | 98.1 |
| Force Motors | 1449.00 | 2866.45 | 97.8 |
| Welspun Corp | 74.30 | 143.70 | 93.4 |
| Nandan Denim | 81.35 | 155.70 | 91.4 |
| Top gainers from BSE500, Midcap & Smallcap index | |||
