(a) whether it is a fact that the market capitalisation of the Bombay
Stock Exchange (BSE) was eroded by about 4 per-cent during the first week
after the presentation of the Budget, 2003; and
(b) if so, the details and reasons therefor?
(a) whether it is a fact that the market capitalisation of the Bombay
Stock Exchange (BSE) was eroded by about 4 per-cent during the first week
after the presentation of the Budget, 2003; and
(b) if so, the details and reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANANDRAO V. ADSUL)
(a) The market capitalisation on the Bombay stock Exchange fell from
Rs. 619872.6 crore on the budget day, i.e. 28th of February, 2003, to
Rs. 595004.96 crore on 7th March, 2003. This was a fall of about 4%.
(b) According to the BSE, the impending conflict in the Middle East
could have dampened the market sentiment leading to the erosion in the
equity prices, a trend which was evident in the major international
markets with indices like Dow Jones, Nasdaq Composite, FTSE and
S&P 500 down by 1.91%, 2.41%, 4.91% and 1.46% respectively during the
period of 28th February,2003 to 7th March, 2003.