The combined market capitalisation (m-cap) of seven Sensex companies increased by Rs 30,862 crore last week, with TCS and ITC emerging as the biggest gainers. While the market valuation of TCS, Reliance Industries, ITC, ONGC, State Bank of India, ICICI Bank and Wipro rose, that of Coal India, Infosys and HDFC Bank declined. TCS surged by Rs 10,529 crore to Rs 4,34,338 crore, the biggest gainer among the top-10 Sensex companies. India's largest software services exporter posted a 48.2 per cent jump in net profit to Rs 5,358 crore in the fourth quarter. The market value of ITC jumped Rs 7,436 crore to Rs 2,80,906 crore, while Wipro added Rs 4,349 crore to Rs 1,44,423 crore in valuation. ICICI Bank's m-cap rose by Rs 3,066 crore to Rs 1,45,747 crore, while the value of RIL went up by Rs 1,932 crore to Rs 3,09,883 crore and ONGC added Rs 1,796 crore to Rs 2,75,700 crore. State Bank added Rs 1,754 crore in m-cap to Rs 1,50,643 crore. HDFC Bank's value declined by Rs 4,630 crore to Rs 1,72,383 crore, while Infosys lost Rs 2,639 crore to Rs 1,83,175 crore. Infosys last week reported a 25 per cent rise in consolidated net profit for the quarter ended March 31. The country's second-largest software services exporter said it expects 7-9 per cent US dollar revenue growth in 2014-15, below industry body Nasscom's projection of 13-15 per cent. Coal India's m-cap went down by Rs 1,358 crore to Rs 1,83,743 crore. TCS remained on top of the domestic market capitalisation chart, followed by RIL, ITC, ONGC, Coal India, Infosys, HDFC Bank, State Bank, ICICI Bank and Wipro. The benchmark 30-share BSE Sensex fell 0.12 points to end the week at 22,628.84. 

FIIs invest Rs 6,783 crore in April

Foreign investors have pumped in about Rs 6,800 crore (USD 1.3 billion) in the domestic stock market so far this month on hopes a reform-oriented government will be formed after the general elections. Total investment by foreign institutional investors (FIIs) in equities since January 2014 has risen to about Rs 28,979 crore (USD 4.78 billion). "FIIs are bullish on India...They are expecting a stable government emerging post-elections, which will take various reformist measures," said Puneet Chaddha, Chief Executive Officer of HSBC Asset Management (India) Private Ltd. "Besides, FIIs are also betting on India because of the country's macro-economic fundamentals." FIIs were gross buyers of shares worth Rs 49,775 crore and sellers of stocks to the tune of Rs 42,992 crore in the week ended April 17, resulting in a net inflow of Rs 6,783 crore (USD 1.3 billion), according to the Securities and Exchange Board of India. Foreign investors, however, pulled out Rs 4,282 crore from the debt market during the period. FIIs, the main driver of the equity market, have helped pushed up the benchmark BSE Sensex by 243 points, or 1.08 per cent, so far this month. They invested Rs 20,077 crore in Indian stocks in March, compared with Rs 1,404 crore in February and Rs 714 crore in January. As of April 17, there were 1,715 registered FIIs in the country and 6,391 sub-accounts. 

Bourses cash turnover rises 2.59%

Cash turnover on the nation's three stock exchanges -- NSE, BSE and MCX-SX -- rose 2.59 per cent to Rs 33.41 lakh crore in 2013-14 from a year earlier on account of improvement in the global and domestic economy. Trading of equity derivatives on the three exchanges surged 20.32 per cent to Rs 466 lakh crore in 2013-14 from the preceding financial year. A turnover of Rs 32.57 lakh crore was recorded in the cash segment in 2012-13, according to data with the Securities and Exchange Board of India and the stock exchanges. The National Stock Exchange of India (NSE) alone accounted for 84 per cent of the cash market turnover with its share rising 3.7 per cent to Rs 28.08 lakh crore in 2013-14. On the BSE, the turnover declined almost 5 per cent to Rs 5.21 lakh crore from Rs 5.48 lakh crore in the previous year. The MCX Stock Exchange Ltd (MCX-SX), which started operating as a full-fledged bourse in February last year, saw trades of Rs 11,183 crore in its cash segment during 2013-14. According to experts, improvements visible in global economic conditions lifted the mood among investors in the domestic securities market. Turnover in equity derivative trading rose to about Rs 466 lakh crore on the three exchanges in 2013-14 from Rs 387 lakh crore in the previous year. A total of 159 crore derivative contracts were traded on the exchanges compared with volumes of 139.4 crore in 2012-13. The NSE had an 82 per cent share of derivative trades, with a turnover of Rs 382 lakh crore. Derivative turnover on the BSE and MCX-SX stood at Rs 82.19 lakh crore and Rs 1.40 lakh crore, respectively.


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