BSE market cap touches record $1-trillion mark

 The Bombay Stock Exchange’s market capitalisation has touched a record one trillion dollar-mark — a value close to the country’s GDP— riding on renewed investor confidence and appreciating rupee.
According to information available with BSE, the combined market value of all firms listed on the bourse rose to Rs 49,61,449.51 crore or over one trillion dollars. This represents a sharp gain of over two-fold from $ 485 billion or Rs 24,10,256 crore on October 27 last year when the benchmark Sensex plunged to its 52-week low and the rupee was quoting at 49.74 against the greenback. However, the gain is relatively lower in rupee terms as the local currency has strengthened against its US unit. The country’s GDP was over one trillion dollar at the end of FY’09, according to Central Statistical Organisation.

Listed companies

The benchmark 30-share index Sensex has also made a steady recovery and has been on a gaining spree for the twelfth  consecutive week at the end of trade on Friday, last week.Besides, the market capitalisation the the National Stock Exchange also touched a record of Rs 43,22,260.66 crore at the end of May.
Meanwhile, the market capitalisation of all listed companies stood at Rs 32,17,810 crore ($ 662 billion) at the end of December 2008. Besides, the market cap of 30-Sensex companies, which account for over 47 per cent of the total valuation of all the companies, stood at Rs 22,53,678.41 crore.
So far this year, the market cap of 30-Sensex companies has risen by over Rs eight lakh crore from Rs 14,51,651 crore. Among the top blue-chip firms, the country’s most valued firm RIL added a whopping $ 36 billion to the investors’ wealth so far this year, taking its market value to $ 76.46 billion.
ONGC, the second-largest firm in terms of market cap, has added $ 34 billion, while another PSU giant in the top-five league, NTPC has added $ nine billion to the investors’ kitty. Among private sector giants, Bharti Airtel’s market cap has increased by over $ three billion since last year to about $ 32.37 billion.

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