Light the crackers: Sensex returns at 5-yr high in Samvat 2070, investors made Rs 9960 cr daily

Samvat 2070 will prove to be dhamakedar for stock market investors as the benchmark Sensex is set to end with around 25% return, its best in past five Samvat years. Not only that, out of every five stocks, four turned gainers during the period.

That means out of total actively traded 1950 stocks on the BSE, 1567 gave positive returns to the investors.

Samvat 2070 started on 3 November 2013 with a Sensex gain of 42.55 points or 0.20 percent at 21,239.36. A day before Samvat ends, the Sensex ended at 26,575.65 on 21 October 2014, recording a rise of 25.1 percent or 5,336 points.

In its journey, the Sensex hit a low of 20193.35 on 13 February 2014 and a high of 27,319.85 on 8 September 2014.

Investors’ wealth surged by a whopping Rs 23.50 lakh crore in Samvat 2070 from Rs 69.15 lakh crore to Rs 92.65 lakh crore. In other words, on an average investors gained Rs 9,960 crore per trading session in Samvat 2070.

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The Sensex’s earlier best return was in Samvat 2065 when it clocked a gain of 92.3 percent. In Samvat 2066 it recorded a rise of 20.6 percent while in 2067 it reported a fall of 17.9 percent.

Again in Samvat 2068, it rose 8 percent and in 2069 it was up 13.8 percent.

The Samvat 2071 will start on 23 October with the BSE and NSE both holding special Muhurat trading session between 6.15 pm and 7.30 pm.

All the 30 stocks that constitute the Sensex have turned gainers in Samvat 2070. Passenger car major, Maruti Suzuki with a 86.44 percent gain led the gainers among Sensex companies. Axis Bank followed with a 73.43 percent rise, BHEL 64.19 percent, Larsen & Tourbo 54.36 percent and Cipla 44.95 percent.

In absolute terms, ONGC emerged as the top gainer with a Rs 1.01 lakh crore rise in market capitalisation during the year. It was followed by TCS with a market cap rise of Rs 65,411 crore, SBI Rs 63,947 crore, HDFC Bank Rs 53,488 crore and ICICI Bank Rs 52,072 crore.

Compared with the benchmark, the broad market gave even higher returns. The BSE 500 Index rose 30 percent, while the BSE Midcap and Smallcap indexes rose 50 percent and 72 percent, respectively.

All sectoral indices recorded positive returns during the Samvat 2070. The BSE Capital Goods Index topped the list with 59.05 percent return. It was followed by the BSE Consumer Durable Index, which was up 51.21 percent, the BSE Auto Index up 42.0 percent, BSE Bankex 41.69 percent and the BSE Healthcare 40.25 percent.

The top wealth destroyers includes Jindal Steel whose market cap was down by Rs 11,090 crore, followed by Cairn India, which saw a value decline of Rs 9,866 crore. M-cap of Bhushan Steel, which was embroiled in a corruption scam, was down Rs 8,787 crore. DLF, another controversial firm, witnessed a reduction of Rs 7,496 crore and United Spirits Rs 7,384 crore.