Auto, banks rule the roost in H1FY23; IT and metal stocks laggards

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%

stocks, sell, share

In contrast, other big business groups either saw their m-cap decline or gain marginally

Krishna Kant Mumbai
There was not much of a movement in India's broader equity market in the first half of the 2022-23 financial year (HIFY23). The benchmark BSE Sensex was down 1.9 per cent during the April-September period while NSE Nifty50 was down 2.1 per cent in the last six months. In contrast, the period saw a big upheaval in the global financial markets due to the economic disruption caused by the Russia-Ukraine war and record high inflation in the advanced economies.

The United States benchmark index — Dow Jones Industrial Average that has 30 stocks — was down 15.7 per cent during the period. The Dow closed at 29,228 on Thursday, erasing all its gains in the post-pandemic period. The broader and tech

First Published: Sep 30 2022 | 8:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to