Stock markets gain further in 2006-07: RBI

Mumbai, Aug 30: Backed by strong corporate profitability and continued liquidity support from Foreign Institutional Investors (FIIs) and Mutual Funds, stock markets have recorded smart gains during 2006-07 with the BSE Sensex registering an increase of 15.9 per cent, despite, bouts of high volatility and corrections.

The Reserve Bank of India (RBI), in its annual report released today, said the BSE Sensex rose by 15.9 per cent (Year Over Year) on top of the increase of 73.7 per cent, a year ago.

The mobilisation from the primary market through public issues also saw a considerable increase of 20.2 per cent to Rs 32,382 crore during the same period.

The net equity issuances stood at 97 per cent of the total during 2006-07 as compared with 99 per cent during the corresponding period last year.

Net resources mobilised by mutual funds increased by 78.1 per cent to Rs 93,985 crore during 2006-07, primarily due to higher resource mobilisation by private sector mutual funds.

Spurred by increased resource mobilisation and increase in the market value, Asset Under Managements (AUM) by the Mutual Funds have increased during the period by 40.7 per cent to Rs 3,26,292 crore.

UNI