A sharp rally in the stock market in the past one and a half months has turned investors richer by Rs 10 lakh crore.

Market rally: Investors richer by Rs 10 lakh crore in 7 weeks

Business Standard

The markets have been on a roll in calendar 2012, with the Sensex surging 14.8 per cent in this year so far. The rally has also fuelled turnover in the equity cash market; it has touched a 15-month high.

Cash mkt turnover at 15-mth high

Investors in mid- and small-cap stocks are rejoicing in the new year, riding the crest of a bull run. Reason: The BSE Small-Cap Index (up 30 per cent) and the BSE Mid-Cap Index (up 29 per cent) have outperformed the Sensex (up 21 per cent) since December 20 last year, the onset of the current rally in Indian shares.

Small stocks sparkle in mkt rally 

A sharp decline in the prices of their company&rsquo;s shares has forced many promoters to forfeit the initial payments made by them at the time of subscription towards convertible warrants.

Promoters avoid warrant conversion as shares dip

Servicing expensive loans amid spiralling input prices was the proverbial double-edged sword that continued to bleed Indian companies for the second quarter in a row, early bird results for the quarter ended December 2011 showed. A healthy growth in operational income was little consolation as the falling rupee continued to rub salt to the wounds.

High prices, interest ground early birds

Though 2012 has started on a positive note on foreign institutional investor (FII) flows, it is too early to say if the trend will sustain through the calendar year, analysts say.

Deepak Korgaonkar