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.

Capital goods sector has a market cap of Rs 4.95 lakh crore with Larsen and Toubro leading the list with a market cap of Rs 1.22 lakh crore. The sector contributes 7.43 per cent to the market cap.

Metal sector accounts for 6.84 per cent to the total market cap while the realty sector contributes little over five per cent.

Information technology sector which used to dominate the market earlier, currently contributes to only 5.91 per cent to the total market cap.

It is the same with pharmaceutical sector which also has fallen out of favour in the market. BSE Healthcare which tracks performance of pharma shares
contribute only 2.31 per cent to the total market cap.

The BSE computes about a dozen sectoral indices which together contribute to about 75 per cent of the total market cap. The exchange does not compute telecom sector separately and it is the BSE Teck index that computes shares from IT, telecom and media together. The teck index representing the three sectors account for 13.25 per cent of the total market cap.

Official sources in the BSE said there are many sectors which the BSE has not yet started computing for purpose of constructing an index like agriculture which could track sectors like sugar.

Segments like transport services, textile, tourism are also not computed.

Besides, the major reason the aggregate of market cap of all sectoral indices do not add to 100 per cent of market cap is that only those shares are considered for inclusion in an index if they are part of the BSE 500 index.

There are 4700 companies listed on the exchange of which 4,200 are, thus outside the purview of any index computation.

Source : PTI