Investors
became richer by over Rs 11 lakh crore in 2019 helped by a stupendous
rally in the stock market where the benchmark Sensex clocked over 14
per cent gains on an annual basis. Market Capitalisation (m-cap) of
BSE-listed companies rose by Rs 11,05,363.35 crore to Rs
1,55,53,829.04 crore.
Markets
achieved big milestones in 2019, with the BSE Sensex crossing the
historic 40,000 mark while the broader NSE Nifty conquered 12,000
level. The Sensex zoomed to its record peak of 41,809.96 on December
20 this year.
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Reliance Industries Limited is the country's most valued firm with a
market valuation of Rs 9,59,818.81 crore. In November, Reliance
Industries became the first Indian company to hit the Rs 10 lakh
crore market valuation mark. At market close on November 28, the
oil-to-telecom conglomerate's market valuation zoomed to Rs
10,01,555.42 crore on BSE.
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TCS comes second in the ranking of companies based on their valuation
followed by HDFC Bank, HDFC and HUL in the top five list.
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In 2019, a total of 16 main-board initial public offerings (IPOs)
mopped-up Rs 12,365 crore.
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