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| The stock markets recorded their highest-ever quarterly growth in market capitalisation during the second quarter ended September 2003.
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| The market capitalisation of all traded stocks increased by a whopping Rs 2,00,000 crore to Rs 9,44,570 crore at the end of September 2003. The previous best was recorded in the quarter ended June 2003 when the market cap increased by Rs 1,70,742 crore.
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| In fact, the Bombay Stock Exchange (BSE) Sensex registered the eighth-highest quarterly gains in the quarter ended September 2003.
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| The highest ever quarterly rise in the Sensex was recorded during the quarter ended March 1992 when the Sensex rose 124.48 per cent to 4,285.
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| In the latest quarter, the Sensex gained 23.46 per cent and the broader BSE-500 index registered a 27.3 per cent gain.
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| The gainers continued to outnumber losers in the ratio of 1.35:1 during the quarter. However, in the first quarter ended June 2003, almost 95 per cent stocks were gainers while only five per cent posted decline during the period.
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| Relatively unknown stocks continued to top the gainers list with Panchmahal Steel soaring a whopping 3,511 per cent during the July-September 2003 quarter.
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| The market value of the scrip increased from Rs 0.57 on June 30 to Rs 20.65 on September 30. Fairfield Atlas, Royal Cushion Vinyl, Gujarat Themis Biosyn and Mercator Line all gained over 300 per cent in value in the second quarter of the current fiscal.
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| Among the Sensex scrips, Tata Steel gained 60.6 per cent to Rs 271.70, followed by Tata Engineering which gained 55.50 per cent to Rs 307.35. The BHEL scrip was up 50.23 per cent to Rs 404.05, Zee Telefilms was up 40 per cent to Rs 123.40 and Infosys Technologies gained 38.6 per cent to Rs 4,524.20.
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| Steel stocks continued to sizzle with a 86 per cent rise in market cap during the quarter. Mining, non ferrous metals, pesticides, heavy and passenger car makers and textile machinery manufacturers showed an appreciable gain in value of over 50 per cent each.
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| Cash Market: The turnover on the BSE and the National Stock Exchange (NSE) increased a whopping 74.2 per cent in the second quarter (July-September) of 2003-04.
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| It aggregated at Rs 3,81,254 crore in July-September 2003 compared with Rs 2,18,872 crore in the same period of 2002.
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While NSE
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