Sensex fall drags all sectoral indices, realty is biggest loser

Written by PK Dey | Mumbai | Updated: Mar 31 2009, 06:11am hrs
When the 30-share Sensex of the Bombay Stock Exchange (BSE) was down 5578.13 points from its April 2008 level last Friday, all sectoral indices followed their big brother. The 13 sectoral indices of the BSE declined between 12% to 78% in nearly a year. The Realty Index lost the most, followed by Consumer and Metal Indices, in terms of market capitalisation (M-Cap).

The market cap of BSE Realty Index declined from Rs 2.13 lakh crore on April 1 last year to Rs 53,061 crore on March 27, 2009. The BSE Realty Index also shed 78.11%, or 5831.74 points, to 1634.74 from 7466.48 on April 1 last year.

Among the companies in BSE Realty Index, the highest decline in M-Cap was registered by Orbit Corporation, followed by Unitech and Shova Developers.

Following the Sensex loss, the BSEs M-Cap decreased by a whopping Rs 22.12 lakh crore to Rs 31.22 lakh crore on March 27, 2009, from Rs 53.35 lakh crore on April 1, 2008, when the Sensex closed at 15,626.62.

The Nifty decreased by 1665.31 points to 3108.65 from 4739.55 during the above period.

In the case of the BSE Consumer Index, the total M-Cap decreased by 59.29% to Rs 7,883 crore on March 27, 2009, from Rs 19,365 crore on April 1, 2008. The BSE Consumer Index decreased by 58.62%, the second highest fall among BSE indices, to 1608.60 from 3887.15.

In the case of BSE Metal Index, the total M-Cap dropped 48.26% to Rs 1.67 lakh crore on March 27, 2009, from Rs 3.23 lakh crore on April 1, 2008. The BSE Metal Index also decreased by 55.77%, the third highest decrease, to 6110.09 from 13813.76.

Among the sectoral indices under review, the lowest decline in M-cap was seen in BSE FMCG Index. It lost by only 10.78% in its M-Cap to Rs 1.76 lakh crore on March 27, 2009, from Rs 1.97 lakh crore on April 1, 2008.

The BSE FMCG Index fell by 12.71% to 2040.26 from 2337.27. One interesting thing is that all the BSE sectoral indices declined on March 27, 2009, from the level of April 1, 2008.