The contribution of public sector units to the market capitalisation of the Bombay Stock Exchange has gone up after the meltdown in stock prices, and now these shares account for 28.84 per cent of the total market cap as of November 7, as per the data available with the exchange.
The total BSE market cap as of November 7 was Rs 31.22 lakh crore ( Rs 31,22,646 cr) of which market cap of PSU shares account for as much as Rs 9 lakh crore(Rs 9,00,523 crore) or 28.84 per cent, as per the BSE website. The BSE market cap as of November 23 last year when the market was fairly bullish was Rs 61,77,579 crore of which public sector companies share was Rs 14,55,000 crore or 23.56 per cent. The rise in the contribution by PSU shares to the total market cap indicates the PSU shares suffered less damage in the recent bear onslaught compared to shares of private sector companies. The BSE PSU index comprises of 48 shares including the likes of ONGC, NTPC, State Bank, NMTC, BHEL and NMDC .These six shares account for 62 per cent of the total market cap of the index. The PSU index represents government companies engaged in all the sectors . However, companies from sectors like oil and gas , finance, power and metal account for over 80 per cent of the market capitalisation of the index. http://economictimes.indiatimes.com/Markets/Stocks/PSUs_share_in_BSE_market_cap_rises_after_meltdown/articleshow/3691298.cms "Some cause happiness wherever they go; others whenever they go." - Oscar Wilde --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
