Mumbai's equity indices have bounced about 43 percent since crashing to a four-year low in March, as the huge flows of cheap capital provided by global central banks when COVID-19 struck made heavily-discounted stocks attractive.
Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Considering all these sectoral losses and global supply chain disruptions, India’s ongoing GDP losses are estimated to be around $5-10 billion (0.15-0.35 percent of GDP).
Recovery in the market led to a rise in market capitalisation of the BSE-listed firms which climbed Rs 3,57,044.43 crore to Rs 1,56,61,769.40 crore since Saturday.
The 30-share BSE index zoomed 634.61 points or 1.55 per cent to close at 41,452.35. During the day, it jumped 664.38 points to 41,482.12.
Here's a look at how Indian indices fared in 2019 as compared to foreign bourses.
As the Indian equities signed off 2019 on a remarkable note, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
The 30-share BSE Sensex closed 529.82 points higher or 1.31 per cent at 40,889.23.
Markets are on a rise since Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates.
The reduction in corporate tax, which India Inc hailed as the one which will revive growth and investment, is the single biggest cut in tax rates since India opened up its economy in 1991.
Hawkish commentary from the US Federal Reserve and incessant foreign fund outflows further weighed on sentiment, traders said.
While the benchmark BSE Sensex is up more than 4% so far this year it has tumbled over 10% to its lowest point in 2019 from a lifetime high hit early in June after a landslide election victory for the ruling party.
Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on August 23 announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.
Last Friday, 357 stocks touched new 52-week lows
Investors will also monitor trade-related developments, as well movement in the rupee and crude oil prices, they added.
Benchmark indices had snapped their four-session rising streak and closed with sharp losses on July 5 after the Budget proposal to raise public shareholding threshold fanned fears of oversupply of new papers in an already overbought market.
Tracking weak sentiment in the broader market, the market capitalisation (m-cap) of BSE-listed companies tumbled Rs 2,22,304.65 crore to Rs 1,53,19,126.66 crore.
Led by the sharp rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies surged Rs 1,76,402.37 crore to Rs 1,56,14,416.92 crore.
Led by the rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 3,86,220.41 crore to Rs 1,54,11,395.90 crore on the BSE.
The company had clocked a PAT of Rs 18 crore during the year-ago quarter, it said in a BSE filing.
The company had reported a net profit of Rs 127.78 crore during the same quarter a year ago, MOIL said in a BSE filing.
The company had clocked a net profit of Rs 91.62 crore in the corresponding quarter of 2017-18, it said in a regulatory filing to the BSE.
Tracking the sharp uptrend in equities, the market capitalisation of BSE-listed companies jumped by Rs 5,33,463.04 crore on May 20.
Led by the rally in stocks, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 8,83,714.01 crore to Rs 1,51,08,711.01 crore.
Since hitting a record high of 38,989.65 on Aug. 29, the BSE Sensex index has fallen roughly 8 percent. This year, it is down about 0.3 percent, as there has not been the kind of recovery from late 2018's deep equities sell-off that other major stock indexes have had.