BSE Broad and Sector Indices Market Cap 31Mar2022
(Update 31Dec2022 for this blog is available)
(Update 30Jun2022 with new information is available at the end of this blog post)
This is an update of my earlier blog published in January 2022. The following two tables show how the market capitalisations of broad and sector indices of BSE Limited have performed during the past one year, that is, between end-Mar2021 and end-Mar2022.
Table 1: BSE Broad and Sector Indices 31Mar2022 - Market cap change - index representation - Index valuation measures (P/E, P/B ratios and dividend yield) >
Please click on the table for a better view >
The total market cap of all BSE listed companies as on 31Mar2022 is Rs 264.07 lakh crore. The market cap of 30 companies in Sensex is Rs 117.05 lakh crore, representing 44.3 per cent of the total market cap. The market caps of other indices can be observed from Table 1. P/E and P/B ratios and dividend yields of all the indices too are shown in the table.
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Related blog
BSE Broad and Sector Indices Returns
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Table 2: BSE Broad and Sector Market caps - One-year change during the past one year, that is, between end-Mar2021 and end-Mar2022 >
Please click on the table for a better view >
In the past one year (end-Mar2021 to end-Mar2022), market cap of all BSE companies spurted by 29 per cent reaching Rs 264.07 lakh crore as on 31Mar2022, whereas the BSE Small-cap index showed a growth of 41 per cent in market cap in the same period.
In addition to the growth of index values, a large number of IPOs (initial public offers), like, Zomato, One 97 Communications, Nykaa, CarTrade Tech and PB Fintech, in financial year 2021-22 have contributed to the rise in the market cap of all BSE listed companies.
However, the biggest growth in market cap is from BSE Utilities index (with market cap growth of 99 per cent in the past one year) followed by BSE Metal index (with a market cap growth of 51 per cent).
Stocks, like, JSW Energy, Adani Transmission and Tata Power have risen by more than 100 per cent in this period boosting the market cap of BSE Utilities index. In the BSE Metal index, stocks, like, Hindalco, Vedanta and Tata Steel have contributed heavily to the rise in market cap of the index.
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P.S.: Update with new images with info as at close of 30Jun2022
Table 1: Market caps (and P/E, P/B and dividend yields) of BSE broad and sectoral indices as on 30Jun2022 >
Table 2: Quarterly changes in market caps of BSE broad and sectoral indices during Apr-Jun2022 quarter > BSE Auto market cap has surprisingly managed a positive gain of 12 per cent during the first quarter of FY 2022-23; while most others (excepting BSE FMCG and BSE Utilities) have lost significant amounts of market cap > BSE Metal index lost 37% of its market cap during Apr-Jun2022 quarter as metal stocks plunged heavily > even the darling sector, BSE Information Technology, too lost 20% of its market cap >
LIC of India equity shares were listed on 17May2022; they are yet to be included in broad indices, like, BSE 500 or Sensex or major broad indices > Any comparison of total market cap with numbers prior to and after LIC listing will give a distorted picture because the market cap of LIC is big (Rs 426,000 crore as on 30Jun2022) > So, while comparing 31Mar22 market cap numbers (prior to LIC listing) with 30Jun22 numbers (post LIC listing), be aware of this distortion >
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Disclosure: I've vested interested in Indian stocks and other investments. It's safe to assume I've interest in the financial instruments / products discussed, if any.
Disclaimer: The analysis and opinion provided here are only for information purposes and should not be construed as investment advice. Investors should consult their own financial advisers before making any investments. The author is a CFA Charterholder with a vested interest in financial markets.
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