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BSE market cap breaches Rs50-trillion mark

BSE market cap breaches Rs50-trillion mark
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First Published: Fri, Sep 21 2007. 06 46 PM IST
Updated: Fri, Sep 21 2007. 06 46 PM IST
PTI
Mumbai: The record breaking rally in the country’s stock market today pushed the total investor wealth past the Rs50,00,000 crore milestone for the first time in its history.
The cumulative market capitalisation of all the 4,500-odd companies listed on the Bombay Stock Exchange, the world’s biggest bourse in terms of listed firms, soared to a new peak of Rs 50,18,265.06 crore on 21 September.
BSE’s benchmark 30-share index, Sensex, rose to a new peak of 16,616.84 points before settling 1.32 per cent higher at a new closing high of 16,564.23 points. Today’s gain added more than Rs70,000 crore to investors’ wealth.
The collective market cap of 30 Sensex scrips today stood at Rs 21,66,048 crore, led by the country’s most valued firm RIL with over Rs three trillion.
The total market cap of all the companies listed at the National Stock Exchange, which has relatively lower number of listings, also rose to a new high of Rs 47,16,035 crore. NSE’s 50-share benchmark Nifty scaled a new peak of 4,855.70 points.
Besides the indices and market cap, as many as 94 stocks today touched their life-time highs. These stocks included Reliance Industries, SBI, IFCI, Reliance Capital, SAIL, IDBI, Grasim, Reliance Energy, GAIL, IDFC, RNRL, Reliance Petroleum, Cairn India and Reliance Industrial Infrastructure Ltd.
After breaching the 16,000 level for the first time ever on Wednesday with its highest ever single day gain of 653 points, the Sensex has continued its upward journey. It added 216 points today, following a modest 25-point rise yesterday.
Total investor wealth rose Rs 5,00,000 crore in little over two months during the Sensex’s journey from 15,000 to 16,000. The market value of all BSE companies was about Rs 44,02,000 crore on July 6 when the Sensex hit 15,000. PTI BJ UPD
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First Published: Fri, Sep 21 2007. 06 46 PM IST