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Investor wealth at Rs 20 trillion

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Our Research Bureau Mumbai
80 firms' market cap over $1 bn.
 
The market capitalisation of India Inc on the Bombay Stock Exchange zoomed past the Rs 20-trillion mark (Rs 20 lakh crore) to Rs 20,31,031 crore as the 30-share Sensex scaled a new peak to close at 7,756.04 points, gaining 86.59 points, in line with all Asian indices, yesterday.
 
The 2,800 actively traded stocks on the BSE added Rs 32,633 crore worth investors' wealth as both benchmark indices and all sectoral (except metal and tech) indices touched all-time high levels.
 
The combined market cap of Indian companies was around Rs 5 trillion (Rs 5 lakh crore) in March 1998. It had crossed the Rs 10-trillion (Rs 10 lakh crore) mark in October 2003 and the Rs 15-trillion (Rs 15 lakh crore) mark in November last year.
 
Reliance Industries became the second Indian company to post a market cap of Rs 1 lakh crore. It added Rs 4,726 crore to its market cap to touch Rs 1,03,604-crore mark on the buzz of a market-favourable announcement by the company at its annual general meeting today.
 
Oil and Natural Gas Corporation leads the ranking with a market cap of Rs 136,497 crore. NTPC ranked third with a market cap of Rs 81,589 crore, followed by Infosys Technologies with Rs 62,425 crore and TCS with Rs 62,000 crore.
 
As many as 80 companies now have a market cap of over $1 billion and 250 companies with a market cap of over Rs 1,000 crore. The market cap of 138 companies hovered between Rs 500 and 1,000 crore while the market cap of 509 ranged between Rs 100 and Rs 500 crore.
 
The top 50 companies account for over 50 per cent of the market cap of the India Inc. Among sectors, information technology tops the list with a market cap of Rs 256,310 crore, accounting for 12.67 per cent of the total market capitalisation.
 
The refineries ranked second with a market cap of Rs 230,523 crore, followed by banks Rs 215,478 crore, diversified Rs 136,014 crore and power Rs 124,336 crore.

 

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First Published: Aug 03 2005 | 12:00 AM IST

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