Share of top 100 firms on the exchange in m-cap falls to 67.3%; analysts advise caution
This is a remarkable feat, considering it had slipped below $1.5 trillion in March 2020 at the peak of the Covid-induced sell-off
The latest bout of correction, triggered by rising US bond yields and a surge in Covid cases, has shaved off Rs 11.5 trillion in market value
India's market cap-to-GDP ratio is now over 100%
BSE-listed companies' market capitalisation reached Rs 197.7 trillion on Thursday, against India's nominal GDP of Rs 190 trillion during 12 months ended December 2020
Bharti Airtel''s market capitalisation (m-cap) climbed by Rs 33,960.84 crore to Rs 3,28,697.33 crore
China, which was at number 5 in 2010, is now at number 2 with an m-cap of $10.9 trillion
Total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore
During the last week, BSE Sensex advanced 1,812.44 points or 4.68 per cent
From BSE-listed firms' m-cap hitting record high to Goyal getting additional charge after Paswan's death, Business Standard brings you the top headlines of the day
During the last week, the Sensex declined 163.23 points or 0.42 per cent
The market heavyweight stock gained 2.95 per cent to close at Rs 1,878.50 on the BSE.
Reliance Industries and Bharti Airtel managed to close the trading week with gains
The Mukesh Ambani-controlled conglomerate, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and m-cap.
RIL's scrip jumped 14.65 per cent to close at Rs 1,081.25 on the BSE. During the day, it advanced 22.25 per cent to Rs 1,152.
HDFC Bank's valuation dropped Rs 23,435 crore to Rs 6,22,109.94 crore
The m-cap of TCS plummeted Rs 10,319.06 crore to Rs 8,09,126.71 crore and that of HDFC dropped by Rs 5,162.75 crore to Rs 4,10,062.89 crore
The market cap of ITC rose by Rs 2,273.86 crore to Rs 2,94,802.65 crore
The Sensex advanced 434.40 points or 1.07 per cent last week
In the ranking of top-10 firms, RIL was at the number one position, followed by TCS, HDFC Bank, and HUL