With
the benchmark Sensex witnessing a dream-run, total market valuation
of BSE listed companies has inched closer to Rs 100 lakh crore
milestone. At present, the total market capitalisation (m-cap) of BSE
listed companies stands at Rs 96,25,517 crore which is Rs 3.74 lakh
short of Rs 100 lakh crore mark. In terms of US dollar, the total
market value of BSE listed companies has surged to USD 1.58 trillion
at the current rupee rate of 60.65 against the Greenback. Earlier,
the total m-cap of domestic listed companies had reached a record USD
1.5 trillion in June this year. 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 periods
including once in 2012. In August 2013, it had again slipped out of
the elite list. Indian stock market investors are making big gains as
the Sensex has gained 5,890.36 points or 27.82 per cent so far this
year. The index has hit its all-time high of 27,354.99 on September
8. "The undercurrent of the stock market is very bullish.
Markets are likely to sustain at current levels," an expert
said. Sensex blue-chip companies whose market valuation is more than
Rs 1 lakh crore include TCS, ONGC, RIL, ITC, Coal India, Infosys,
HDFC Bank, SBI, ICICI Bank, Sun Pharma, Bharti Airtel, HDFC, L&T,
Wipro, Tata Motors and NTPC. Outsourcing giant TCS is the most valued
Indian company with a market cap of Rs 5,10,415.13 crore. Analysts
said Indian markets are also making merry helped by robust foreign
fund inflows. Since the beginning of the year, foreign investors have
made a net investment of Rs 1.98 lakh crore (USD 33 billion) in the
country's equity market.
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