In the last 10 years, funds mobilized by Indian companies from capital markets has increased more than 10-fold, from Rs 12,068 crore in financial year 2014 (FY14) to Rs 1.21 trillion crore in FY25 (till October), a recent report by the SBI Economic Research Department said.
The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared to Fiscal Year 2023-24, the report said.
Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) -- its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
The automobile retail sales in November fell below market expectations, posting an 11.2 per cent growth compared to the same period last year. The development comes following a lucrative festive season in October.
This owes it to uncertainties about the outcome of the general elections and attractive valuations of Chinese markets.
Bitcoin retreated from its record high of more than $73,000 as the market witnessed a selloff and higher-than-predicted US inflation data signalled that interest rates might stay high.
“Investors have time, even now, to switch from small-caps to fairly valued large-caps and partly to fixed income products. At this stage in the market, safety should be given priority over return," he said.
India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
The market benchmarks extended their gains into the fourth consecutive session.
