BSE companies’ total market value close to Rs 100 lakh crore
Mumbai, Nov 18 (PTI): The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
At present, the total market capitalisation (m-cap) of BSE-listed companies stands at Rs 99,47,809 crore, just Rs 52,191 crore short of the Rs 100 lakh crore milestone.
India had first entered the trillion-dollar club in June 2007, but moved out in September 2008 after a global meltdown. It again got back into the elite league in May 2009 and largely remained there except for some brief time, including once in 2012. In August 2013, it again moved out of the list. The Sensex has gained 7,007.2 points, or 33 per cent, so far this year.
The index touched its all-time high of 28,282.85 today.
The Sensex blue-chips whose market valuation is more than Rs 1 lakh crore include TCS, ONGC, RIL, ITC, Infosys, HDFC Bank, Coal India, SBI, ICICI Bank, Sun Pharma, HDFC, HUL, L&T, Bharti Airtel, Tata Motors, Wipro, NTPC, HCL Tech, Axis Bank and Maruti.
At present, outsourcing major TCS is the most valued Indian company with a market cap of Rs 5,09,758.96 crore.
Experts said that Indian markets are also helped with smart foreign fund inflows.
Since the beginning of the year, foreign investors have made a net investment of USD 15.3 billion (Rs 91,780) crore into the country’s equity market.