Thursday, August 18 2005 13:03 Hrs (IST) - World Time -

Mumbai: With a large number of Indian companies hitting the capital market, the Securities and Exchange Board of India (SEBI) has said that total amount of capital raised through public and right issues in FY'05 increased by 21.42 per cent to Rs 28,256 crore even as the number of Foreign Institutional Investors (FIIs) rose to 685 from 540.

The capital raised during 2004-05 through public and rights issues including offer for sale stood at Rs 28,256 crore as against Rs 23,272 crore in 2003-04, an increase of Rs 4,984 crore (21.42 per cent), SEBI said in its annual report for 2004-05 in Mumbai yesterday.

Indicating revival of investors' interest in primary market, the total amount mobilised in FY' 05 excluding offer for sale increased threefold to Rs 25,056 crore as against Rs 8,023 crore in FY'04, it said.

The market regulator said that private sector dominated resource mobilisation in the reporting period with 60.7 per cent share in the total resource mobilisation, followed by the public sector with 39.3 per cent.

In consonance with buoyancy in the stock market seen this year the turnover as well as market capitalisation rose significantly with increase in turnover being more pronounced in case of derivatives, it said adding that BSE market capitalisation as a percentage to GDP rose from 43.5 per cent in FY'04 to 54.6 per cent in FY'05.

The report said the BSE Sensex outperformed indices such as Dow Jones Industrial of USA, the DJ Stocks of Europe and Shanghai Composite of China.