2010-2011: Total market wealth at D-street shot up to 68 lakh crore

NEW DELHI: Last fiscal that saw the total market wealth grow by over Rs 6.73 lakh crore. However, the gains during the fiscal ended March 31 were just about one-fifth of the same during the previous fiscal -- both for the overall market and public investors. 

The total market wealth, measured in terms of the cumulative value of all listed stocks in the country, grew to Rs 68,39,082.89 crore at the end of fiscal ended March 31, 2011. 

The figure stood at Rs 61,65,620.14 crore at the end of the previous fiscal, taking the total gain for the fiscal 2010-11 to Rs 6,73,462.75 crore. 

However, the share of public shareholders was only about Rs 1,00,000 crore out of this gain, given an average public holding of less than 15 per cent in listed companies. The remainder of about Rs 5,73,000 crore was shared by other shareholder classes, such as promoters. 

The fiscal, beginning April 1, 2010, and ending on March 31, 2011, had a total of 255 trading days, during which trading was conducted in the stock market for a total of 99,450 minutes, given an average of 6.5 hours of trade a day. 

For the overall market, every minute of trade added Rs 6.77 crore to the value of stocks held by all classes of investors. 

In percentage terms, the gains were not much for the stock market, as its benchmark indices, the Sensex and Nifty, grew by about 10 per cent and 12 per cent, respectively. 

The gain in total market wealth, at Rs 6,73,462.75 crore, also stood at a little below 11 per cent. 

This is sharply lower in comparison to the previous fiscal ended March 31, 2010, when the market wealth had nearly doubled, with a surge of about 99 per cent. 

In value terms, the gain in market wealth during 2009-10 stood at about Rs 30,80,000 crore -- nearly five times the gain in the financial year ended yesterday. 

Growth was higher than the latest fiscal in the financial years 2007-08, 2006-07, 2005-06, 2004-05, 2003-04 and 1999-2000 as well. On the other hand, losses were recorded during fiscal years 2008-09, 2002-03 and 2000-01. 

The major gainers for the last fiscal included Tata Motors , TCS, Bajaj Auto, ITC, SBI, M&M, HCL Tech , HDFC and Infosys. 

Furthermore, HDFC Bank , HUL , ICICI Bank , Cairn Energy , Bharti Airtel, BPCL, GAIL, PNB, Wipro and ONGC also moved higher. 

On the other hand, JP Associates , Sesa Goa, RCOM, SAIL, Reliance Infra, Reliance Capital , Sterlite Industries , Hero Honda , DLF , BHEL, Grasim, Reliance Power , Maruti, NTPC, Reliance Industries and Tata Steel lost value.

Source-http://economictimes.indiatimes.com/markets/analysis/2010-2011-total-market-wealth-at-d-street-shot-up-to-68-lakh-crore/articleshow/7843648.cms

Tinplate spurts on becoming Tata Steel arm

Investors were seen flocking to the counter of Tinplate Co of India, after the company became a subsidiary of Tata Steel with the conversion of fully convertible debentures held by the latter. 

The shares of the country's largest manufacturer of tinplate, which is used for canning and packaging goods, spurted nearly 13% to 72.8 on significantly higher volumes on Friday. A total of 17.5 lakh shares changed hands compared with the two-week average of 1.2 lakh shares on the BSE. 

The conversion of the FCDs has resulted in the increase in Tata Steel's holding from 42.9% to 59.5%. Becoming the Tata Steel subsidiary will help boost the prospects of Tinplate Co, as it will have access to raw material and would also benefit from better technology and managerial capabilities of the Tata group flagship company, according to analysts. 
Source- http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/tinplate-spurts-on-becoming-tata-steel-arm/articleshow/7848923.cms

Investors gained Re 1 per minute in FY 2010-11

MUMBAI: An average of one rupee was added to the stock market wealth of each public investor in every minute of trade during the last fiscal- a period that saw the total market wealth grow by over Rs 6.73 lakh crore. 

However, the gains during the fiscal ended March 31 were just about one-fifth of the same during the previous fiscal-both for the overall market and public investors. 

Meanwhile on Friday, benchmarks ended lackluster session marginally in the red as bulls ran out of steam after eight-day long winning streak. Buying activity was seen in broader markets as the investors turned focus on midcaps and smallcaps after sharp rise in frontline stocks. 

According to experts, the market may witness some upmove in the short-term on the back of dollar inflows from foreign institutional investors but rising crude oil prices and inflation worries may play spoil sport. 

"During the past two weeks, FIIs have pumped in close to $2 billion surprising even the most optimistic investor. The Indian markets had underperformed the global peers and were reasonably valued, which may have attracted FII interest. However, the fundamental concerns relating to inflation and interest rates still persist, leading to doubts over the durability of this rally. 

In the short-term, it is likely that the markets may take a breather after strong rally. But if the momentum in FII flow remains strong, then we may even see higher levels in the coming week. In all probability, we expect the action to shift to mid and small cap companies that have been severely de-rated in the past few months. 

We continue to maintain favourable view on IT, media and banking. We also remain positive on a longer term over capital goods and infrastructure," said Sanjeev Zarbade, Vice President (Private Client Group Research), Kotak Securities. 

Bombay Stock Exchange's Sensex closed at 19420.39, down 24.83 points or 0.13 per cent. The 30-share index touched a high of 19562.55 and low of 19382.35 in today's trade. 

National Stock Exchange's Nifty ended at 5826.05, down 7.70 points or 0.13 per cent. The broader index touched a high of 5860.20 and low of 5810.40 intraday. 

BSE Midcap Index was up 1.59 per cent and BSE Smallcap Index rallied 2.23 per cent. 

Amongst the sectoral indices, BSE Realty Index was up 2.60 per cent, BSE Metal Index gained 1.15 per cent and BSE Power Index moved 0.93 per cent higher. BSE Bankex was down 0.83 per cent, BSE Oil&gas Index was down 0.59% and BSE IT Index slipped 0.47 per cent. 

Punjab National Bank (-2.79%), HCL Tech (-2.44%), NTPC (-2.25%), State Bank of India (-1.57%) and Kotak Bank (-1.50%) were the top Nifty losers. 

Reliance Capital (5.36%), IDFC (3.95%), Reliance Communications (3.76%), Jaiprakash Associates (3.13%) and Power Grid Corporation (3.09%) were the top gainers. 

Market breadth was positive on the NSE with 2186 advances against 695 declines.
Source- http://economictimes.indiatimes.com/markets/stocks/market-news/investors-gained-re-1-per-minute-in-fy-2010-11/articleshow/7844236.cms