At present, total m-cap of BSE listed companies’ stands at Rs93.78 lakh crore, about Rs6.22 lakh short of the Rs100 lakh crore milestone
Stock market investors have become richer by over Rs23.33 lakh crore so far this year, as 25.49% rally in S&P BSE Sensex has helped the total valuation of all the BSE listed companies reach close to Rs94 lakh crore.
In contrast, investors’ wealth had surged by over Rs1 lakh crore to Rs70.44 lakh crore during same period in 2013.
At present, the total market capitalisation (m-cap) of BSE listed companies’ stands at Rs93.78 lakh crore, about Rs6.22 lakh short of the Rs100 lakh crore milestone.
During 31 December 2013 to 1 October 2014, the BSE's 30-share benchmark has gained 25.5%. The Sensex touched its life-time high of 27,319.85 on 8th September.
According to experts, positive investor sentiment following the formation of new government at the Centre and strong foreign fund inflows has been driving the domestic equity markets.
“The undercurrent of the stock market is bullish although stocks are currently in the consolidation phase and buying may resume in the days to come,” said an equities expert.
Marketmen have maintained that the surge in investor wealth is also due to continued rise in listed firms. The total number of listed companies stands at 5,485.
Sensex blue-chip companies whose market valuation is more than Rs 1 lakh crore include TCS, ONGC, RIL, ITC, Infosys, Coal India, HDFC Bank, SBI, Sun Pharma, ICICI Bank, HDFC, Bharti Airtel, HUL, Wipro, Tata Motors, L&T and NTPC.
Outsourcing giant TCS is the most valued Indian company with a market cap of Rs5.44 lakh crore.
Indian markets have seen smart gains this year helped by robust foreign fund inflows.
Since the beginning of this year, foreign investors have infused a net of Rs83,438 crore ($14 billion) in the stock markets, while they have invested a net of Rs1.18 lakh crore into the debt market ($19.6 billion).