It doesn't matter if it's for a short amount of time or not. Good economic growth should be mentioned, especially if our GDP tripled in the last decade.
Pakistan Beats India, BRICs in Market Returns
- Thread starter RiazHaq
- Start date
It doesn't matter if it's for a short amount of time or not. Good economic growth should be mentioned, especially if our GDP tripled in the last decade.
The Indian stock market today lost its trillion-dollar status, as a decline in the rupee and share valuations led to its size slipping below this mark to $994.97 billion, according to India's Economic Times:
India had managed to hold onto the select league of the countries with a trillion-dollar stock market by a whisker for past few days, but finally gave in today after the market barometer Sensex fell to a fresh 28-month low and the rupee lost further value against the US dollar.
At the end of today's trade, the total size of the Indian market, measured in terms of cumulative valuation of all listed stocks, stood at Rs 52,60,440.78 crore.
As the rupee ended the day at Rs 52.87 level, the stock market's size in the American currency was USD 994.97 billion -- just a shade below the trillion-dollar mark.
The Indian market had a size of USD 1.0116 trillion (Rs 53,48,352.02 crore) at the end of yesterday's trade.
A total of 13 countries are now estimated to be left in the trillion-dollar stock market club, including the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, China, Japan, Spain, Germany, Switzerland and France.
The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.
India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.
The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.
A sharp plunge in the market this year has led to the Indian market valuation falling by close to Rs 20 lakh crore (over USD 500 billion), from about Rs 73 lakh crore (USD 1.7 trillion) at the beginning of 2011.
The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall was somewhat arrested since then on the back of an intervention by the Reserve Bank.
The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.
On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply. The trillion-dollar tag had been lost that day itself, if the rupee had managed to hold onto its record high levels.
In terms of individual exchanges, the total size of stocks listed on the NSE yesterday itself slipped below trillion-dollar mark to USD 989 billion (Rs 52,30,333 crore).
At the end of today's trade, NSE-listed market valuation stood at Rs 51,42,566 crore (USD 972.68 billion).
However, the market valuation of NSE-listed companies is not considered as the country's stock market size, as not all the companies are listed on this exchange.
Indian stocks are mainly listed on two national bourses, the BSE and the NSE, but the numbers of listed companies on the two stock exchanges differ sharply.
While about 1,600 stocks are actively traded on the NSE, the number is almost double at over 2,900 at the BSE.
Almost all the stocks listed on the NSE are also listed on the BSE and therefore the cumulative valuation of companies listed on the BSE is treated as the total market size.
India moves out of trillion-dollar stock market club - The Economic Times
India had managed to hold onto the select league of the countries with a trillion-dollar stock market by a whisker for past few days, but finally gave in today after the market barometer Sensex fell to a fresh 28-month low and the rupee lost further value against the US dollar.
At the end of today's trade, the total size of the Indian market, measured in terms of cumulative valuation of all listed stocks, stood at Rs 52,60,440.78 crore.
As the rupee ended the day at Rs 52.87 level, the stock market's size in the American currency was USD 994.97 billion -- just a shade below the trillion-dollar mark.
The Indian market had a size of USD 1.0116 trillion (Rs 53,48,352.02 crore) at the end of yesterday's trade.
A total of 13 countries are now estimated to be left in the trillion-dollar stock market club, including the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, China, Japan, Spain, Germany, Switzerland and France.
The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.
India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.
The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.
A sharp plunge in the market this year has led to the Indian market valuation falling by close to Rs 20 lakh crore (over USD 500 billion), from about Rs 73 lakh crore (USD 1.7 trillion) at the beginning of 2011.
The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall was somewhat arrested since then on the back of an intervention by the Reserve Bank.
The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.
On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply. The trillion-dollar tag had been lost that day itself, if the rupee had managed to hold onto its record high levels.
In terms of individual exchanges, the total size of stocks listed on the NSE yesterday itself slipped below trillion-dollar mark to USD 989 billion (Rs 52,30,333 crore).
At the end of today's trade, NSE-listed market valuation stood at Rs 51,42,566 crore (USD 972.68 billion).
However, the market valuation of NSE-listed companies is not considered as the country's stock market size, as not all the companies are listed on this exchange.
Indian stocks are mainly listed on two national bourses, the BSE and the NSE, but the numbers of listed companies on the two stock exchanges differ sharply.
While about 1,600 stocks are actively traded on the NSE, the number is almost double at over 2,900 at the BSE.
Almost all the stocks listed on the NSE are also listed on the BSE and therefore the cumulative valuation of companies listed on the BSE is treated as the total market size.
India moves out of trillion-dollar stock market club - The Economic Times
agentperry
FULL MEMBER
New Recruit
- Joined
- Oct 9, 2011
- Messages
- 91
- Reaction score
- 0
Punjabbi Munda
FULL MEMBER
- Joined
- Jan 11, 2011
- Messages
- 1,794
- Reaction score
- 0
India is back in it..now thank me Mr.Blogger!
It's far cry from the the two-trillion dollar mark that Indian market approached at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.
And here's the reality today:
In a tough message to India Inc, Prime Minister Manmohan Singh urged industry leaders to stop negative comments, and pitch in to help India grow.
"I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government's policies are causing slowdown and pessimism in the industrial sector. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.
It is true that our country faces a large number of issues which need urgent resolution. The energy sector, the port sector, the transport sector, the supply of gas and coal, all need greater attention. Corruption and better governance also require firm handling. I wish to assure you that our Government is serious about tackling these issues. We are also committed to ensuring the predictability and transparency of our policy and regulatory environment," the Prime Minister said.
These comments were a part of PM's remarks at a meeting of the Council on Trade and Industry held yesterday evening. India Inc met the PM to discuss concerns over economic slowdown, high interest rates and lack of reforms.
We had a very good interaction with the PM. He listened to all the different challenges faced by the Industry. The PM is very determined to get back on the growth path, Swati Piramal, Member of the PM Council on Trade told NDTV Profit.[RELATED-STORIES]
Those present at the meeting included Tata Sons Chairman Ratan Tata, Bajaj Auto Chairman Rahul Bajaj, Reliance Industries Mukesh Ambani, former Chairman of Infosys NR Narayana Murthy, Bharti Airtel's Sunil Mittal and ICICI Bank's Chanda Kochhar. Commerce and Industry Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia also attended the meeting.
Read more at: PM to India Inc: Negative comments disappointing
"I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government's policies are causing slowdown and pessimism in the industrial sector. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.
It is true that our country faces a large number of issues which need urgent resolution. The energy sector, the port sector, the transport sector, the supply of gas and coal, all need greater attention. Corruption and better governance also require firm handling. I wish to assure you that our Government is serious about tackling these issues. We are also committed to ensuring the predictability and transparency of our policy and regulatory environment," the Prime Minister said.
These comments were a part of PM's remarks at a meeting of the Council on Trade and Industry held yesterday evening. India Inc met the PM to discuss concerns over economic slowdown, high interest rates and lack of reforms.
We had a very good interaction with the PM. He listened to all the different challenges faced by the Industry. The PM is very determined to get back on the growth path, Swati Piramal, Member of the PM Council on Trade told NDTV Profit.[RELATED-STORIES]
Those present at the meeting included Tata Sons Chairman Ratan Tata, Bajaj Auto Chairman Rahul Bajaj, Reliance Industries Mukesh Ambani, former Chairman of Infosys NR Narayana Murthy, Bharti Airtel's Sunil Mittal and ICICI Bank's Chanda Kochhar. Commerce and Industry Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia also attended the meeting.
Read more at: PM to India Inc: Negative comments disappointing
India has a huge asset bubble created by the BRIC hype, and it's bursting now as the BRIC man O'Neill says he is deepy disappointed by India.
Pakistan's KSE, on the other hand, offers very attractive valuations with PE ratios about half of India's for blue chips with reliable profit and growth.
RoYaL~GuJJaR
SENIOR MEMBER
- Joined
- Nov 16, 2010
- Messages
- 4,370
- Reaction score
- -6
- Country
- Location
Don't you understand plain English? Like what mike2011 said ?
please don't compare KSE with BSE. Any sane person will not do.
KSE - speculation
BSE - investments
Speculation.. you may loose your underwear as well.
RoYaL~GuJJaR
SENIOR MEMBER
- Joined
- Nov 16, 2010
- Messages
- 4,370
- Reaction score
- -6
- Country
- Location
India Back In Trillion-Dollar Market Cap Club
Within a day of slipping out of the coveted league of countries with trillion-dollar-size stock markets, India on Wednesday regained this status as a 510-point strong Sensex rally boosted its market capitalisation to $1.02 trillion.
Helped a surge in the stock and rupee valuations, the total size of Indian market stood at Rs 53,79,250.96 crore ($1,024.62 billion).
Read: India Back In Trillion-Dollar Market Cap Club | Businessworld
Within a day of slipping out of the coveted league of countries with trillion-dollar-size stock markets, India on Wednesday regained this status as a 510-point strong Sensex rally boosted its market capitalisation to $1.02 trillion.
Helped a surge in the stock and rupee valuations, the total size of Indian market stood at Rs 53,79,250.96 crore ($1,024.62 billion).
Read: India Back In Trillion-Dollar Market Cap Club | Businessworld
-indian2-
FULL MEMBER
New Recruit
- Joined
- Dec 21, 2011
- Messages
- 31
- Reaction score
- 0
^^^
ouch that must have hurt some a$$.....
anyway
for fellow Indians...
regarding the KSE is best than BSE stuff from respected and renowned bloggers guys jus leave them let them atleast think and dream after all their dream is not goin to affect us or the rushing investorsto BSE so ju ignore those stuffs and
ouch that must have hurt some a$$.....
anyway
for fellow Indians...regarding the KSE is best than BSE stuff from respected and renowned bloggers guys jus leave them let them atleast think and dream after all their dream is not goin to affect us or the rushing investorsto BSE so ju ignore those stuffs and
Farooq
FULL MEMBER
- Joined
- Dec 22, 2010
- Messages
- 1,404
- Reaction score
- -1
- Country
- Location
It's far cry from the the two-trillion dollar mark that Indian market approached at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.
And here's the reality today:
Instead of worrying about India and posting from your own blog. Why not focus on Pakistan?
nalandapride
FULL MEMBER
- Joined
- Nov 10, 2011
- Messages
- 1,581
- Reaction score
- 0
Now, its the time for Pakistani rupees downfall, already crossed 90PKR/dollar, may swing to 92-93PKR/Dollar in coming months.
Pakistan's key share index KSE-100 dropped about 5% in 2011, significantly less than most the emerging markets around the world. Mumbai's Sensex, by contrast, lost about 25% of its value, putting it among the worst performing markets in the world.
Haq's Musings: Pakistan's Year 2011 in Review
Haq's Musings: Pakistan's Year 2011 in Review
foxbat
SENIOR MEMBER
- Joined
- Jan 31, 2010
- Messages
- 4,093
- Reaction score
- -7
- Country
- Location
This must be the 3rd time i am repeating this in last one week on different contexts, but fits like a glove
"Humko Maloom hain Jannat ki Haqueekat, par dil ke behlane ko Ghalib, yeh khayal accha hai "
Similar threads
