Bse Mkt Cap Rs 11,00,000
The market capitalisation of all stocks listed on the Bombay Stock Exchange (BSE) soared to a record of over Rs 11,00,000 crore (about $256 billion) yesterday, putting India among the world's top 10 markets by market capitalisation.
With a market cap of $256 billion, India is now placed at number nine after South Africa, which has an estimated market cap of $275 billion.
The 30-scrip Bombay Stock Exchange sensex touched an all-time high of 6150.69 yesterday before closing at 5924.31, down 9.25 points from the previous close of 5933.96. The S&P CNX Nifty closed 11.50 points lower at 1744.50.
Also Read
The Business Standard index of the convergent economy, the ICE index, outperformed the sensex, rising 4.59 per cent or 16.27 points to close at 370.49.
Wipro and Infosys, which hit the upper circuit filter on the BSE yesterday, fuelled the rise in the ICE Index. Wipro now has a market cap of over Rs 150,000 crore, followed by Infosys at Rs 71,252 crore.
Apart from Wipro, Infosys and Satyam Computer Services _ which gained 7.5 per cent _ all other infotech scrips in the ICE index witnessed a major correction, with Aptech hitting the lower end of the circuit filter.
Prominent losers on the BSE included MTNL, which hit the lower circuit filter and VSNL, which dipped 6.9 per cent.
The gainers included Zee Telefilms, up 4.3 per cent at Rs 1,398 and ICICI Bank, which closed at Rs 169.55 after hitting its upper circuit filter.
The previous high for aggregate market capitalisation was recorded on January 4 when the market cap of all stocks listed on the BSE crossed the magic figure of Rs 10,00,000 crore. With the current market cap at Rs 11,02,651 crore, the BSE has recorded a hefty rise of Rs 1,00,000 crore in market cap in just one month. Infotech major Wipro has played a major role in this spectacular rise, with its individual market cap of Rs 150,135 crore now accounting for 13.61 per cent of the BSE's total market cap. Wipro has seen its market cap rise by almost Rs 1,00,000 crore in just one month. he BSE itself has seen its total market cap rise by 150 per cent in just one year.