Rs 1 trn m-cap club hits half-century in 2022 despite muted gains in Sensex

It's a sign of gains in equity markets being lopsided, say analysts

Companies with more than Rs 1 trillion market capitalisation (m-cap) have gone up by five in 2022, notwithstanding the muted gains in the benchmark BSE S&P Sensex. There are 54 companies with an m-cap of Rs 1 trillion or more, up from 49 at the end of 2021.They include Bajaj Auto, Siemens, Britannia, and Ambuja Cements, among others.

Equity markets were volatile in 2022 due to monetary tightening, fears of global recession, and the crisis arising out of a Russia-Ukraine stand-off. Runaway inflation and China’s Covid woes put equities through the wringer.

India managed to stave off a big correction,