New Delhi: Helped by a strong stock market show, the total valuation of BSE-listed companies surged to an all-time high of Rs 109 lakh crore Friday.
At the close of trade today, the total market capitalisation (m-cap) of BSE-listed companies rose to Rs 1,09,17,053 crore or $1.63 trillion.
Investor wealth of BSE-listed firms, measured by market capitalisation, had seen a previous record high of Rs 1,08,03,154 crore on 25 July, 2016.
The BSE Sensex rallied 363.98 points or 1.31 percent to settle at 28,078.35 today. TCS is the most valued Indian firm with a m-cap of Rs 5,21,946.66 crore followed by RIL (Rs 3,29,013.53 crore), HDFC Bank (Rs 3,17,052.47 crore), ITC (Rs 3,03,750.88 crore) and Infosys (Rs 2,45,175.87 crore).
"Even though several GST pointers remain to be sorted out, markets look to have embraced the emerging consensus as a positive departure from the uncertainties of previous years," Geojit BNP Paribas Financial Services Ltd, Chief Market
Strategist, Anand James said.
BSE is among the world's 10 largest exchanges in terms of market value while it is the biggest for number of firms listed on its platform.
Over 2,900 companies trade on BSE. On the exchange, 1,841 scrips advanced, while 894 declined and 171 remained unchanged.
First Published On : Aug 5, 2016 18:25 IST