Zee Media Bureau
New Delhi:The total market valuation of the BSE-listed companies on Friday crossed Rs 100 trillion mark, marking a jump of ten times in little over a decade. The wealth of the investors has also doubled in 5 years.
The total market cap of all BSE listed companies had crossed Rs 10 lakh crore mark nearly 11 years ago in 2003, while it has doubled from about Rs 50 lakh crore five years ago in 2009.
The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50 per cent or about Rs 47 lakh crore of total investor wealth.
This included TCS, the country's most valued firm and the only entity to have a market value of over Rs 5 lakh crore, followed by state-run ONGC and private sector behemoth Reliance Industries with market caps of over Rs 3 lakh crore each.
Those commanding market cap of over Rs 2 lakh crore include ITC, Infosys, HDFC Bank, SBI and Coal India. Besides, ICICI Bank, HDFC, Sun Pharma, HUL, Bharti Airtel, L&T, Wipro, Tata Motors, HCL Tech, NTPC and Axis Bank have market cap of over Rs 1 lakh crore each. Among these, ICICI Bank is very close to moving into Rs 2 lakh crore club.
Of the overall stock market wealth, promoters command nearly 50 per cent share, while foreign investors own close to 20 per cent and the rest is shared between institutional and retail investors from India.
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.
With Agency Inputs
