Oil, power, bank, CG covers 40% of BSE mkt cap

MUMBAI: Oil and gas, power, banking and capital goods sectors account for over 40 per cent of total market capitalisation of the Bombay Stock Exchange, says an analysis on various sectoral indices put out by the exchange on its website here.

Sectors like auto, FMCG (fast moving consumer good), pharma, consumer durables contribute very little to the total market cap, it further said. The contribution of consumer durable is the lowest at less than a percentage point, it added.

The total market capitalisation of the BSE as of December 7 was Rs 66.57 lakh crore (Rs.66,57,000 crore). The biggest contribution to the total market cap is by the oil and gas sector at 15.39 per cent with a market cap of Rs 10.24 lakh crore (Rs 10,24,000 crore).

The BSE which computes oil and gas index has heavyweights like Reliance Ind and ONGC. Reliance alone has a market cap of Rs 4 lakh crore plus.

Following oil and gas is the power sector with a market cap of Rs 6.87 lakh crore and thus contributing 10.33 per cent to the total market cap. The sector has heavyweights like BHEL, NTPC and Reliance Energy.

Banking is another sector that is also big contributor to the market cap. The BSE Bankex includes the likes of ICICI Bank and State Bank. The sector accounts for 7.95 per cent of the total BSE market cap. BSE Bankex has a market cap of Rs 5.29 lakh crore, the analysis said.