The Bombay Stock Exchange (BSE) Sensex slipped nearly 6% in the quarter ended September 2015, recording its sharpest quarterly decline in past four years, amid persistent selling by foreign funds and global growth concerns.
The markets fall could have been higher as the index recovered 1,261 points or 5% from its recent low of 24,894 touched on September 7 after status quo by US Fed and positive surprise from the Reserve Bank of India (RBI) by cutting interest rates by 50 bps versus the expectation of 25 bps.
The BSE Sensex closed 1.5% or 376 points higher at 26,154.83 on Wednesday, but down 5.9% for the quarter. Thus far in 2015, the index has dipped 4.88% after gaining 30% in the previous calendar year 2014. The National Stock Exchange (NSE) CNX Nifty too dipped 5% during the quarter.
Earlier in the quarter ended December 2011, the Sensex plunged 6% after falling 12.7% in September 2011 quarter due to global economic worries.
The foreign institutional investors have sold shares net amounting of $2.44 billion (Rs 16,427 crore) during July-September 2015 quarter, according to data from National Securities Depository Limited (NSDL).
Among the sectoral classification, metal shares continue under pressure with the S&P BSE Metal index tanked 27% since June 30, 2015, amid weakness in China and depressed commodity prices the world over. The capital goods, oil & gas and power index dipped between 9%-14% during the quarter.
Vedanta, Hindalco Industries, Jindal Steel & Power, Tata Motors, Tata Steel, Motherson Sumi Systems, Oil and Natural Gas Corporation (ONGC), Coal India and Gail (India) have seen their market value depreciated by more than 20% each.
Information technology (IT) and pharmaceutical stocks have bucked the trend by gaining 11% and 7% respectively. The mid-cap (up 1%) and small-cap index (down 0.49%) too outperformed the market by falling less than the benchmark index during the quarter.
Jubilant Life Sciences and Dishman Pharmaceuticals & Chemicals have seen their market price appreciated by more than 100%. Ceat, La-Opala Rg, Rajesh Exports, Granules India, Marksans Pharma, Unichem Laboratories, Aarti Industries and Intellect Design Arena from the BSE500 index have zoomed between 60%-95%.
The markets fall could have been higher as the index recovered 1,261 points or 5% from its recent low of 24,894 touched on September 7 after status quo by US Fed and positive surprise from the Reserve Bank of India (RBI) by cutting interest rates by 50 bps versus the expectation of 25 bps.
The BSE Sensex closed 1.5% or 376 points higher at 26,154.83 on Wednesday, but down 5.9% for the quarter. Thus far in 2015, the index has dipped 4.88% after gaining 30% in the previous calendar year 2014. The National Stock Exchange (NSE) CNX Nifty too dipped 5% during the quarter.
Earlier in the quarter ended December 2011, the Sensex plunged 6% after falling 12.7% in September 2011 quarter due to global economic worries.
| Price on BSE in Rs | |||
| Company | 30 Jun,15 | 30 Sep,15 | % chg |
| Jubilant Life | 167.00 | 379.75 | 127.4 |
| Dishman Pharma | 157.95 | 320.00 | 102.6 |
| CEAT | 661.95 | 1280.75 | 93.5 |
| Rajesh Exports | 326.30 | 560.05 | 71.6 |
| Intellect Design | 103.00 | 172.50 | 67.5 |
| Granules India | 84.65 | 140.60 | 66.1 |
| La Opala RG | 336.50 | 554.55 | 64.8 |
| Unichem Labs | 186.65 | 307.50 | 64.7 |
| Aarti Inds. | 339.50 | 554.00 | 63.2 |
| Marksans Pharma | 63.70 | 103.70 | 62.8 |
| Top gainers from BSE500 index | |||
| Data compiled by BS Research | |||
| Source:BSE | |||
The foreign institutional investors have sold shares net amounting of $2.44 billion (Rs 16,427 crore) during July-September 2015 quarter, according to data from National Securities Depository Limited (NSDL).
Among the sectoral classification, metal shares continue under pressure with the S&P BSE Metal index tanked 27% since June 30, 2015, amid weakness in China and depressed commodity prices the world over. The capital goods, oil & gas and power index dipped between 9%-14% during the quarter.
Vedanta, Hindalco Industries, Jindal Steel & Power, Tata Motors, Tata Steel, Motherson Sumi Systems, Oil and Natural Gas Corporation (ONGC), Coal India and Gail (India) have seen their market value depreciated by more than 20% each.
Information technology (IT) and pharmaceutical stocks have bucked the trend by gaining 11% and 7% respectively. The mid-cap (up 1%) and small-cap index (down 0.49%) too outperformed the market by falling less than the benchmark index during the quarter.
Jubilant Life Sciences and Dishman Pharmaceuticals & Chemicals have seen their market price appreciated by more than 100%. Ceat, La-Opala Rg, Rajesh Exports, Granules India, Marksans Pharma, Unichem Laboratories, Aarti Industries and Intellect Design Arena from the BSE500 index have zoomed between 60%-95%.
