BSE on Wednesday created history when Sensex peaked above Rs100-trillion mark to scale a new record in terms of market wealth of all listed firms.
At the end of Wednesday’s trade, the bourse touched total market cap of Rs1,00,40,625 crore after a volatile trading session.During post-closing adjustments, the BSE market cap figure changed multiple times, including an initial figure of Rs100,40,408 crore, which then slipped to Rs99,63,758 crore before finally ending at Rs100,40,625 crore, as per the exchange’s website.
This is a record high level for the exchange at the closing bell.The Rs100-lakh crore milestone was reached for the first time in intra-day trade on Friday last week, but the overall market cap, also known as total investors’ wealth, had slipped marginally below this level at the end of trading session that day.
The benchmark index Sensex ended flat with a marginal fall of 1.30 points at 28.442.71, but 17 out of the 30 Sensex stocks ended the day with gains. Overall, more than 200 stocks hit their 52-week highs on the BSE today.BSE is among the world’s ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform. It has over 4,000 actively traded companies and nearly 2.7 crore investors trade on it.
In US dollar terms, the BSE market cap now stands at over $1.6 trillion and it has added more than $500 billion Rs29 lakh crore) this year itself.The total market cap has more than doubled in the last five years from Rs50 lakh crore in 2009, while it has grown ten-times since first scaling Rs10 lakh crore level in 2003.
The Sensex has gained by about one-third so far this year, while the 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50 per cent or about Rs47 lakh crore of total investor wealth.This includes TCS, the country’s most valued firm and the only entity to have a market value of over Rs5 lakh crore, followed by state-run ONGC and private sector behemoth Reliance Industries with market caps of over Rs 3 lakh crore each.
Six companies -- ITC, Infosys, SBI, HDFC Bank, Coal India and ICICI Bank -- have market cap of over Rs two lakh crore each, while that of 11 others (HDFC, Sun Pharma, HUl, Bharti Airtel, l&T, Wipro, Tata Motors, Axis Bank, NTPC, HCl Tech and Maruti) is over Rs one lakh crore.Meanwhile. snapping a two-day upmove, Indian rupee eased by three paise to end at 61.91 against the Greenback on fresh dollar demand from importers.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed stable at its overnight closing level of 61.88 a dollar. It was trapped in a narrow range of 61.84 and 61.95 before settling at 61.91, logging a fall of three paise or 0.05 per cent.“The Indian Rupee ended flat against the US currency. Initially, the Rupee weakened as the Dollar rallied against the basket of currencies on upbeat data. Most Asian currencies were weak against the Dollar,” said Suresh Nair, Director, Admisi Forex India Pvt ltd.
The rupee had gained 15 paise in previous two days. FPIs/FIIs picked up shares worth $21.16 million yesterday, as per Sebi data.The dollar index was up by 0.22 per cent against a basket of six major global rivals.In New York market, the dollar was higher against major rivals and surged to a new 7-year high against the yen after US bond yields rose in the previous session.
In the forward market, premium recovered on fresh payments from banks and corporates.The benchmark six-month premium payable in May edged up to 222.5-224.5 paise from last close of 222-224 paise and forward contracts maturing in November, 2015, bounced back to 434-436 paise from 430-432 paise.The Reserve Bank of India fixed the reference rate for dollar at 61.8866 and for the Euro at 76.5723.