M-cap of BSE-listed firms hits record high of Rs 107 lakh crore
The total market valuation of the BSE-listed companies surged to an all-time high of Rs 107 lakh crore Thursday.
Mumbai: The total market valuation of the BSE-listed companies surged to an all-time high of Rs 107 lakh crore Thursday.
During the morning trade, market capitalisation (m-cap) of all companies listed on BSE soared to Rs 1,07,00,756 crore.
Investor wealth of BSE-listed firms, measured by market capitalisation, had seen a previous record high of Rs 106.85 lakh crore scaled on April 13, 2015.
The total market valuation of all listed firms on BSE had hit a record high of Rs 100 lakh crore in November 2014.
BSE is among the world's 10 largest exchanges in terms of market value while it is the biggest for number of firms listed on its platform.
Over 2,400 companies trade on BSE currently.
The continued dream rally at the bourse this year and host of new listings have contributed to the surge in overall m-cap.
L&T Infotech, which made its stock market debut today commands a market valuation of Rs 11,799 crore.
The BSE benchmark Sensex has rallied 1,798.35 points or 6.88 percent so far this year.
At present, TCS is the most valued Indian firm with a valuation of Rs 4,90,538.04 crore followed by RIL (Rs 3,27,600.39 crore), HDFC Bank (Rs 3,11,811.40 crore), ITC (Rs 3,04,536.08 crore) and Infosys (Rs 2,47,656.57 crore).