 "Post Budget market rally lifts investor wealth by Rs 5.32 lakh crore")
A sharp rally in the stock market during past three days post the Budget announcement have seen investors recover one-third of their losses made in first two months of the current calendar year.
Indian equity benchmarks staged a smart recovery with the S&P BSE Sensex rallying 7% or 1,605 points in past three trading sessions post the Budget. The benchmark BSE Sensex on Thursday ended higher by 364 points or 1.5% to 24,607. In the previous two sessions the index had gained 1,241 points — its best show in nearly seven years.
The Nifty Mid and Small cap stocks too ended in the green for the third day in a row, covering most of the losses in the previous few weeks.
Total investor wealth of BSE-listed companies in past three trading sessions increased by Rs 5.32 lakh crore to Rs 91.15 lakh crore today.
In first two-months of the calendar year 2016, investors in the domestic market had lost Rs 14.55 lakh crore. Total market capitalization (market-cap) of companies listed on the BSE declined to Rs 85.83 lakh crore on February 29, from Rs 100.38 lakh crore at the beginning of 2016.
Strong inflows from foreign institutional investors (FIIs) and foreign portfolio investors (FPI) have helped the market to rebound sharply. Between March 1 and 2, 2016, the FIIs & FPIs have made net investments of Rs 4,725 crore, the NSDL data shows. They bought an additional Rs 912 crore today, the stock exchange provisional data shows.
The market-cap of 10 companies increased by over Rs 10,000 crore each. Tata Consultancy Services (TCS) has seen its market-cap rose by Rs 38,502 crore, while market-cap of Infosys and State Bank of India (SBI) increased by Rs 19,000 crore each, followed by ITC (Rs 17,448 crore) and ICICI Bank (Rs 16,219 crore).
Of the 922 stocks from the BSE500, Midcap and Smallcap index about 290 scrips have seen price appreciation of more than 10% each in past three trading sessions. Sandur Manganese & Iron Ores, Shakti Pumps, Globus Spirits, Igarashi Motors India, Suven Life Sciences and Inox Wind have appreciated more than 30% each.
Indian equity benchmarks staged a smart recovery with the S&P BSE Sensex rallying 7% or 1,605 points in past three trading sessions post the Budget. The benchmark BSE Sensex on Thursday ended higher by 364 points or 1.5% to 24,607. In the previous two sessions the index had gained 1,241 points — its best show in nearly seven years.
The Nifty Mid and Small cap stocks too ended in the green for the third day in a row, covering most of the losses in the previous few weeks.
Total investor wealth of BSE-listed companies in past three trading sessions increased by Rs 5.32 lakh crore to Rs 91.15 lakh crore today.
In first two-months of the calendar year 2016, investors in the domestic market had lost Rs 14.55 lakh crore. Total market capitalization (market-cap) of companies listed on the BSE declined to Rs 85.83 lakh crore on February 29, from Rs 100.38 lakh crore at the beginning of 2016.
Strong inflows from foreign institutional investors (FIIs) and foreign portfolio investors (FPI) have helped the market to rebound sharply. Between March 1 and 2, 2016, the FIIs & FPIs have made net investments of Rs 4,725 crore, the NSDL data shows. They bought an additional Rs 912 crore today, the stock exchange provisional data shows.
The market-cap of 10 companies increased by over Rs 10,000 crore each. Tata Consultancy Services (TCS) has seen its market-cap rose by Rs 38,502 crore, while market-cap of Infosys and State Bank of India (SBI) increased by Rs 19,000 crore each, followed by ITC (Rs 17,448 crore) and ICICI Bank (Rs 16,219 crore).
Of the 922 stocks from the BSE500, Midcap and Smallcap index about 290 scrips have seen price appreciation of more than 10% each in past three trading sessions. Sandur Manganese & Iron Ores, Shakti Pumps, Globus Spirits, Igarashi Motors India, Suven Life Sciences and Inox Wind have appreciated more than 30% each.
| Name | 31 Dec,2015 | 29 Feb,2016 | % chg | 03 Mar,2016 | chg |
| Symphony | 2302.55 | 1972.50 | -14.3 | 2369.19 | 20.1 |
| Kellton Tech Solutions | 179.90 | 169.30 | -5.9 | 195.80 | 15.7 |
| Tata Steel | 259.55 | 249.10 | -4.0 | 286.30 | 14.9 |
| Dishman Pharma | 341.05 | 298.39 | -12.5 | 342.15 | 14.7 |
| Ceat | 1052.50 | 946.10 | -10.1 | 1084.80 | 14.7 |
| Hero MotoCorp | 2695.25 | 2499.65 | -7.3 | 2824.75 | 13.0 |
| Supreme Ind | 682.35 | 669.25 | -1.9 | 747.55 | 11.7 |
| MindTree | 1436.30 | 1421.75 | -1.0 | 1578.25 | 11.0 |
| Orient Paper & Inds | 32.50 | 31.85 | -2.0 | 35.25 | 10.7 |
| Yes Bank | 726.15 | 688.35 | -5.2 | 757.20 | 10.0 |
| Price on BSE in Rs | |||||
