Equities Today
The Indian equities market
If markets are down, it means units are cheaper. That’s better for you. Different instruments fluctuate at different times due to any number of factors. This movement is a short-term occurrence. The Indian equities market is the 3rd largest in terms of Market Capitalisation among the emerging markets in the world today.
The following table shows the Market Capitalisation and Turnover for Emerging Markets for 2006.
| Country |
Market Capitalisation
(end of period)
2006 |
Turnover
2006 |
| China |
24,26,326 |
16,35,121 |
| India |
8,18,879 |
6,38,484 |
| Indonesia |
1,38,886 |
48,831 |
| Korea |
8,35,188 |
13,40,122 |
| Malasia |
2,35,356 |
66,904 |
| Philippines |
68,382 |
11,243 |
| Taiwan |
6,54,858 |
8,94,553 |
| World Total |
5,41,94,991 |
6,79,12,153 |
| India as % of World |
1.51 |
0.94 |
Source: S&P Global Stock Market Factbook, 2007 (All figs. in US$ million)
This means that the Indian market is ripe for investments. If the current market scenario is a cause of worry, you can rest easy. This is a short-term cycle that all markets go through. Overall, the markets have been growing. The table below shows the growth since 1995. Note how the market has dipped and risen over the years.
| At the End of Financial Year |
S&P CNX Nifty |
Sensex |
Market Capitalisation
(Rs. Million) |
| 1996 |
985.3 |
3,366.61 |
57,22,570 |
| 1997 |
968.85 |
3,360.89 |
48,83,320 |
| 1997 |
968.85 |
3,360.89 |
48,83,320 |
| 1998 |
1,116.65 |
3,892.75 |
58,98,160 |
| 1999 |
1,078.05 |
3,739.96 |
57,40,640 |
| 2000 |
1,528.45 |
5,001.28 |
1,19,26,300 |
| 2001 |
1,148.2 |
3,604.38 |
76,88,630 |
| 2002 |
1,129.55 |
3,469.35 |
74,92,480 |
| 2003 |
978.2 |
3,048.72 |
63,19,212 |
| 2004 |
1,771.9 |
5,590.6 |
1,31,87,953 |
| 2005 |
2,035.65 |
6,492.82 |
1,69,84,280 |
| 2006 |
3,402.55 |
11,280 |
3,02,21,900 |
| 2007 |
3,821.55 |
13,072.1 |
3,54,88,081 |
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