Business Daily from THE HINDU group of publications
Tuesday, Oct 30, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Oct 30, 2007 ePaper | Mobile/PDA Version |
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Stock Markets Markets - Stock Markets
Kumar Shankar Roy This might come as an eye-opener for people who choose to downplay Sensex’s scintillating run as a “pure numbers game.” Indian equity markets have been one of the top performing markets when it comes to wealth creation, witnessing an 89 per cent expansion in the total market capitalisation in 2007. Wealth creationThis compares to a Sensex return of 63 per cent on a year-to-date basis. Though markets such as China (whopping 215 per cent gain) are ahead of India in wealth creation, India (89 per cent) scores higher than markets such as Brazil (86 per cent), Thailand (51 per cent) and South Korea (49 per cent) in terms of expansion in market cap this year. Overall, the total market cap for Indian stocks accounts for 2.5 per cent of the world market cap share – at over $1,540 billion (Rs 61 lakh crore) at current market levels. The total market capitalisation has grown 2.2 times from Rs 25,56,700 crore at the beginning of 2007. While emerging markets have posted strong performances, the developed economies have lagged in wealth creation this year. The market capitalisation of the UK and the US have grown by a measly 7 and 9 per cent, respectively, this year while Japan has seen its total investor wealth drop by three per cent. Index returns too have been higher for emerging markets as compared to the developed ones. Bull charge lifts Sensex 639 points to top 19,000 Sensex retains steam on strong FII buying Overseas investors pump in $4.3 b into equity markets in Oct Overseas investors fuel Sensex surge FIIs’ net investments up Rs 7,330 cr More Stories on : Stock Markets | Stock Markets
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