Market Trend for Past 10 Years
Capital Market started ranking listed Indian companies on the basis of their market capitalization in 1994. The market cap of the Top 500 companies constitutes around 93.61% of the market cap of all Indian listed companies. These companies also account for almost 99.56% of the traded value on the stock exchanges. Thus, for all practical purposes, these Top 500 companies represent the whole of Corporate India.
2001-2002:
HLL leads in terms of market capitalization, and HFCL is the most traded company. While software companies are the largest losers, diversified, refineries and PSUs are the major gainers
August 2000 to July 2001 was a period of great turbulence for the Indian as well as the world economies, and the BSE Sensex lost almost 1000 points. This is reflected in the market capitalization of Top 500 companies also. The aggregate market cap of the Top 500 companies, which rose by 130%, from Rs 31,25,720 million in 1995 to Rs 72,01,548 million in 2000, lost 32% to Rs 49,30,963 million in 2001.
Wipro, Infosys and Zee Telefilms, which were the shooting stars of 2000, lost their market cap heavily. Zee, which featured at the 8th rank in 2000, got itself dumped to 27th in 2001. In the Top 10, only ONGC gained market cap, though it did not help it gain any rank. Hindustan Lever (HLL), ITC and Reliance Industries (RIL) were the only ones to have found a place amongst the first 10 from 1995 to 2001. HLL, which lost its first rank in 2000 to Wipro, regained that place in 2001.
Key Highlights: 1. HLL’s rank increased from 2nd to the 1st – Expanded its market 2. Reliance remains reliable 3. Wipro is the most valuable software company –
ONGC, at the 6th rank, remains the most valuable public sector unit. It was the only one among the Top 10 to gain market cap, which was up 14% to Rs 2, 30,738 million. 4. Software is the worst loser: Last year, the software industry was the largest gainer. This year, it is the largest loser. Entertainment/media is the second
2001-2002:
HLL leads in terms of market capitalization, and HFCL is the most traded company. While software companies are the largest losers, diversified, refineries and PSUs are the major gainers
August 2000 to July 2001 was a period of great turbulence for the Indian as well as the world economies, and the BSE Sensex lost almost 1000 points. This is reflected in the market capitalization of Top 500 companies also. The aggregate market cap of the Top 500 companies, which rose by 130%, from Rs 31,25,720 million in 1995 to Rs 72,01,548 million in 2000, lost 32% to Rs 49,30,963 million in 2001.
Wipro, Infosys and Zee Telefilms, which were the shooting stars of 2000, lost their market cap heavily. Zee, which featured at the 8th rank in 2000, got itself dumped to 27th in 2001. In the Top 10, only ONGC gained market cap, though it did not help it gain any rank. Hindustan Lever (HLL), ITC and Reliance Industries (RIL) were the only ones to have found a place amongst the first 10 from 1995 to 2001. HLL, which lost its first rank in 2000 to Wipro, regained that place in 2001.
Key Highlights: 1. HLL’s rank increased from 2nd to the 1st – Expanded its market 2. Reliance remains reliable 3. Wipro is the most valuable software company –
ONGC, at the 6th rank, remains the most valuable public sector unit. It was the only one among the Top 10 to gain market cap, which was up 14% to Rs 2, 30,738 million. 4. Software is the worst loser: Last year, the software industry was the largest gainer. This year, it is the largest loser. Entertainment/media is the second