The feat comes a day after the Sensex closed above the coveted 50,000-mark. In dollar terms, the market cap is $2.75 trillion-seventh highest globally
The valuation of Reliance Industries Limited jumped Rs 71,033.44 crore to reach Rs 12,99,363.47 crore, becoming the biggest gainer
BSE-listed companies' market capitalisation reached Rs 197.7 trillion on Thursday, against India's nominal GDP of Rs 190 trillion during 12 months ended December 2020
Currently, TCS is India's second most valuable firm after Reliance Industries (RIL) which has a market cap of nearly Rs 12.9 trillion (includes market cap of partly-paid up shares)
TCS hit a new high of Rs 3,261 on the BSE in intra-day deals today
China, which was at number 5 in 2010, is now at number 2 with an m-cap of $10.9 trillion
Apple alone commands a market cap of over $2.2 trillion, which is more than GDP of several countries, such as Brazil, Italy, Canada, and Russia
Company attributes achievement to sharp focus on motorcycles, strategies of differentiation and practice of TPM combined with global ambitions
China's m-cap is now 4.3x India's, whose m-cap grew just 17 per cent to $2.5 trillion in CY20 - 2.4 per cent of the global m-cap
Continue to cede ground to family enterprises, private sector firms
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The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019
The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India
Earlier this week, the world market cap crossed the coveted $100-trillion milestone. It had slipped below $62 trillion in March amid widespread selling triggered by the Covid-19 pandemic
Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices
Reliance Industries (RIL) emerged as the biggest loser
The report, however, said that India's share in world market-cap is at 2.3%
Global markets have added $7 trillion in m-cap this month amid polling in the US. Meanwhile, India has added $177 billion (Rs 13 trillion) in just eight trading sessions
The company's market valuation also eroded by Rs 1,19,721.68 crore to Rs 12,69,437.32 crore on the BSE
Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore