A strong rally in equity market has seen the total market valuation of BSE-listed companies has inched closer to the Rs 100-lakh crore mark.
At 1025 hours, the cumulative market capitalisation (m-cap) of the companies listed on the BSE soared to a new peak of Rs 99,63,743 crore, which is just Rs 36,257 crore short of the Rs 100 lakh crore milestone.
This is the first time in history that the total investor wealth will touched Rs 100-lakh-crore mark. The benchmark S&P BSE Sensex hit a fresh record high of 28,283 during intra-day today.
Total investor wealth rose nearly Rs 20 lakh crore in past six months after a victory of Narendra Modi-led National Democratic Alliance in the general election. The market value of all BSE companies was about Rs 79,76,000 crore on May 15, a day before declaration of the general election result. The benchmark S&P BSE Sensex has rallied 18.3% or 4,377 points since then.
A total of 20 companies have m-cap of over Rs 1,00,000 crore, of which, eight of them have an m-cap of over Rs 2,00,000 crore.
About 44 companies have seen their market-cap surge by over Rs 10,000 crore each. Tata Consultancy Services (TCS), Sun Pharmaceutical Industries, Infosys and State Bank of India (SBI) have seen their market value increased by more than Rs 50,000 crore each.
Meanwhile, around 35 stocks from the BSE-500 have become multi-bagger and surged over 100%, while 100 stocks gained between 50-100% during the period.
Gati, National Buildings Construction Corporation, J K Lakshmi Cement, CCL International, JK Tyre and Industries, Whirlpool of India, JK Cements, PC Jeweller, Sterlite Technologies and Symphony have rallied over 150-300%.
At 1025 hours, the cumulative market capitalisation (m-cap) of the companies listed on the BSE soared to a new peak of Rs 99,63,743 crore, which is just Rs 36,257 crore short of the Rs 100 lakh crore milestone.
This is the first time in history that the total investor wealth will touched Rs 100-lakh-crore mark. The benchmark S&P BSE Sensex hit a fresh record high of 28,283 during intra-day today.
Total investor wealth rose nearly Rs 20 lakh crore in past six months after a victory of Narendra Modi-led National Democratic Alliance in the general election. The market value of all BSE companies was about Rs 79,76,000 crore on May 15, a day before declaration of the general election result. The benchmark S&P BSE Sensex has rallied 18.3% or 4,377 points since then.
A total of 20 companies have m-cap of over Rs 1,00,000 crore, of which, eight of them have an m-cap of over Rs 2,00,000 crore.
About 44 companies have seen their market-cap surge by over Rs 10,000 crore each. Tata Consultancy Services (TCS), Sun Pharmaceutical Industries, Infosys and State Bank of India (SBI) have seen their market value increased by more than Rs 50,000 crore each.
Meanwhile, around 35 stocks from the BSE-500 have become multi-bagger and surged over 100%, while 100 stocks gained between 50-100% during the period.
Gati, National Buildings Construction Corporation, J K Lakshmi Cement, CCL International, JK Tyre and Industries, Whirlpool of India, JK Cements, PC Jeweller, Sterlite Technologies and Symphony have rallied over 150-300%.
| Price on BSE in Rs | |||
| Company | 15-May-14 | Current* | %chg |
| Gati | 81.60 | 333.60 | 308.82 |
| NBCC | 240.95 | 800.15 | 232.08 |
| JK Lakshmi Cement | 125.20 | 390.10 | 211.58 |
| CCL International | 187.05 | 551.05 | 194.60 |
| Whirlpool India | 236.85 | 667.00 | 181.61 |
| JK Tyre & Indust | 190.60 | 524.00 | 174.92 |
| J K Cement | 241.15 | 659.80 | 173.61 |
| PC Jeweller | 93.85 | 247.50 | 163.72 |
| Sterlite Tech | 30.00 | 77.70 | 159.00 |
| Symphony | 808.65 | 2085.65 | 157.92 |
| H F C L | 8.86 | 22.85 | 157.90 |
| *As on 18 Nov 14,11:28 hours | |||