The B1, B, S, T, TS and Z group stocks, the biggest value creator of the year, are the new market leaders in terms of volumes. They account for 75 per cent of traded volumes on the Bombay Stock Exchange.
A year ago, the volume of these stocks was only 34 per cent of the total volume on the BSE. On the National Stock Exchange, the non-Nifty stocks captured 66 per cent of volume compared with their year-ago share of 20 per cent.
The share of non-A group and non-Nifty stocks has been rising in terms of turnover too. The turnover of non-A group stocks on the BSE rose seven-fold, from a meager six per cent a year ago to 42 per cent now.
The A-group stocks lost ground with their share in turnover coming down from 94 per cent a to 58 per cent. The NSE witnessed non-Nifty stocks surging ahead, cornering a turnover share of 40 per cent compared with 18 per cent a year earlier.
The daily average turnover of non-A group stocks jumped more than ten-folds in the period, from Rs 200 crore (Rs 2 billion) in July 2004 to Rs 1,200 crore (Rs 12 billion) in July 2005.
In the last four months, the average daily turnover of these groups steadily increased from 29 per cent in March 2005 to 35 per cent in April and further 40 per cent in May 2005. The turnover of non-Nifty stocks has also substantially increased during the period.
The turnover toppers list has changed considerably in the last one year with as many as 22 non-A group non-Nifty stocks joining the top 50 turnover league.
The number of non-A group companies in turnover list increased from four in July 2004 to 22 now. Nearly 18 A-group companies lost their place in the top 50 league as their number slipped from 46 a year ago to 28 now.
SRF, VSNL, Himachal Futuristic, Karnataka Bank, Aptech, Elder Pharmaceuticals, Adlabs Films, Essar Oil, McDowell, TV Today and Geodesic Info Systems showed many fold increase in turnover in the last one year on the back of huge buying support from operators and foreign institutional investors.
New issues such as Yes Bank, Nectar Life Sciences, Petronet LNG, NTPC and Indiabulls too have generated huge volumes on the back of huge investor support.
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