Indian market doubles in value in 2007 (The Hindu Business Line 1st Jan 2008) The year 2007 will be remembered as one of the best years for stock investors as the domestic markets more than doubled in value.
Market capitalisation of the Indian stock market stood at Rs 72 lakh crore, up by 118 per cent in the calendar year.
Besides appreciation of listed entities, the rise in value was partly helped by blockbuster public offerings from ICICI Bank, DLF, PFC etc. Since 1992, when foreign institutional investors (FII) were first allowed to invest in
Indian stock markets, this year ranks amongst the five best years for the benchmark indices. More
Low-priced stocks steal the show on bourses (The Hindu Business Line 1st Jan 2008) The last day of the year on the stock markets saw low-priced stocks become the life and soul of the party, with a surge in retail investor interest.
For the first time in recent months, the number of stocks that hit the upper circuit breached the 1,000 mark on Monday, to touch 1,223 for the day; just 19 stocks hit the lower circuit filter.
his suggests that almost every second stock that was traded on the BSE hit the permissible limit during the day. The total number of stocks traded on the BSE was 2,904.More
BSE-Power index star performerMumbai, Dec. 31 The top performers of 2007 amongst the thirteen odd BSE-indices were not just driven by corporate growth but also helped along by reforms in Government policy.The BSE-Power index, which topped the indices list in growth, ... More
Sectoral indices outperform Sensex in 2007 (Business Standard 1st Jan 2008)
While market bid adieu to 2007 on a positive note on Monday with the benchmark Sensex showing a gain of 47 per cent this calendar — its best gain in four years — the stars of the year were metals, capital goods and oil & gas indices, which have more than doubled in the last 12 months.
In a year, which saw several hiccups – unwinding of yen-carry trades in February, sub-prime turmoil in August and Participatory Note curbs in October – the BSE Metal Index was the best performer among all indices with a gain of 121.47 per cent, followed by the Capital Goods Index, which posted 117 per cent this calendar. In 2008, capital goods sector looks most promising, according to experts.
Says Paras Adenwala, Chief Investment Officer, ING Vysya Mutual Fund, “Capital goods sector is certainly an outperformer because companies in this sector provide visibility in terms of earnings growth. However, they look somewhat expensive at this time but will continue to outperform next year as well because of their huge order books.” More
Mid-caps leave Sensex in high spirits (The Economic Times 1st Jan 2008)
Major indices signed off for 2007 on a positive note, but bulls were denied the pleasure of seeing the market touch a new high on the last trading day of the year. The 30-share Sensex touched an intra-day high of 20,484.28 — 14 points short of its record high — but retreated to 20,286.99 at close, a gain of 80 points over the previous close. The 50-share Nifty gained 58.90 points to close at 6138.60, after touching a high of 6167.75 intra-day. Brokers said the mood on the street was one of cautious optimism. While most market watchers do not expect a repeat of the eye-popping gains seen in 2007, they expect equities to turn in decent returns in the new year. More
Market capitalisation of the Indian stock market stood at Rs 72 lakh crore, up by 118 per cent in the calendar year.
Besides appreciation of listed entities, the rise in value was partly helped by blockbuster public offerings from ICICI Bank, DLF, PFC etc. Since 1992, when foreign institutional investors (FII) were first allowed to invest in
Indian stock markets, this year ranks amongst the five best years for the benchmark indices. More
Low-priced stocks steal the show on bourses (The Hindu Business Line 1st Jan 2008) The last day of the year on the stock markets saw low-priced stocks become the life and soul of the party, with a surge in retail investor interest.
For the first time in recent months, the number of stocks that hit the upper circuit breached the 1,000 mark on Monday, to touch 1,223 for the day; just 19 stocks hit the lower circuit filter.
his suggests that almost every second stock that was traded on the BSE hit the permissible limit during the day. The total number of stocks traded on the BSE was 2,904.More
BSE-Power index star performerMumbai, Dec. 31 The top performers of 2007 amongst the thirteen odd BSE-indices were not just driven by corporate growth but also helped along by reforms in Government policy.The BSE-Power index, which topped the indices list in growth, ... More
Sectoral indices outperform Sensex in 2007 (Business Standard 1st Jan 2008)
While market bid adieu to 2007 on a positive note on Monday with the benchmark Sensex showing a gain of 47 per cent this calendar — its best gain in four years — the stars of the year were metals, capital goods and oil & gas indices, which have more than doubled in the last 12 months.
In a year, which saw several hiccups – unwinding of yen-carry trades in February, sub-prime turmoil in August and Participatory Note curbs in October – the BSE Metal Index was the best performer among all indices with a gain of 121.47 per cent, followed by the Capital Goods Index, which posted 117 per cent this calendar. In 2008, capital goods sector looks most promising, according to experts.
Says Paras Adenwala, Chief Investment Officer, ING Vysya Mutual Fund, “Capital goods sector is certainly an outperformer because companies in this sector provide visibility in terms of earnings growth. However, they look somewhat expensive at this time but will continue to outperform next year as well because of their huge order books.” More
Mid-caps leave Sensex in high spirits (The Economic Times 1st Jan 2008)
Major indices signed off for 2007 on a positive note, but bulls were denied the pleasure of seeing the market touch a new high on the last trading day of the year. The 30-share Sensex touched an intra-day high of 20,484.28 — 14 points short of its record high — but retreated to 20,286.99 at close, a gain of 80 points over the previous close. The 50-share Nifty gained 58.90 points to close at 6138.60, after touching a high of 6167.75 intra-day. Brokers said the mood on the street was one of cautious optimism. While most market watchers do not expect a repeat of the eye-popping gains seen in 2007, they expect equities to turn in decent returns in the new year. More
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