In a new milestone, the total market valuation of all listed firms at the BSE today hit a record high of Rs 100 trillion -- marking ten-times rise in Indian stock markets' investor wealth in little over a decade.
The landmark level was reached in early morning trade when the market capitalisation (m-cap) rose to Rs 100.01 lakh crore, but slipped marginally below this level at the close of trading hours.
At the end of the day, the total market value of all BSE listed companies stood at Rs 99,81,572 crore -- which was less than 0.2 per cent away from the Rs 100-trillion level, as benchmark Sensex continued its record rally with a gain of over 255 points.
BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform. It has over 4,000 actively traded companies and nearly 2.7 crore investors trade on it.
Terming this milestone as a reflection of India's potential as a new age powerhouse, BSE CEO Ashishkumar Chauhan said, "We believe India will use capital market mechanism more over the period to help do wealth creation and job creation."
In the US dollar terms, the BSE market cap now stands at over USD 1.6 trillion and it has added more than USD 500 billion (Rs 29 lakh crore) this year itself.
The total market cap has more than doubled in the last five years from Rs 50 lakh crore in 2009, while it has grown ten-times since first scaling Rs 10 lakh crore level in 2003.
The Sensex has gained 7,268.23 points or 34.33 per cent so far this year. Continuing its dream-rally, the index hit its all-time high of 28,822.37 today.
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 includes 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.
