The market capitalization of the top 10 companies currently stands at just over $1 trillion, or Rs 90.54 lakh crore.
India's overall market capitalization, including 5,391 listed companies, is $5 trillion, or 414.7 million rupees, an increase of about $633 billion since the beginning of the year.
Despite market volatility due to the ongoing Lok Sabha elections, the total market capitalization (market capitalization or mcap) of BSE-listed companies hit a historic $5 trillion for the first time on May 21. Additionally, the combined market capitalization of the top 10 publicly traded companies exceeds $1 trillion.
This comes even as the BSE benchmark index remained nearly 1.7% below its all-time high.
According to the latest data available on the BSE website on May 21, the overall market capitalization of India, including 5,391 listed companies, stood at $5 trillion or Rs 414.7 lakh crore. This is an increase of approximately $633 billion compared to the beginning of the year.
According to the latest BSE data, the market capitalization of the top 10 companies is now just over $1 trillion or Rs 90.54 lakh crore.
By company, Reliance Industries Ltd (RIL) ranked first in market capitalization with Rs 19.42 lakh crore, followed by Tata Consultancy Services (TCS) with Rs 13.82 lakh crore. HFCD Bank (Rs 11.08 lakh crore), ICICI Bank (Rs 7.88 lakh crore) and Bharti Airtel (Rs 7.62 lakh crore).
State Bank of India (SBI) ranked sixth with 7.41 billion rupees, followed by LIC (6.46 billion rupees), Infosys (5.95 billion rupees), ITC (5.43 billion rupees) and Hindustan Unilever (5.43 billion rupees). 200 million rupees) followed. .
According to currency control, the overall market capitalization of BSE crossed $4 trillion in November 2023, and has now surged past $5 trillion in just six months. BSE-listed companies reached a market capitalization of $1 trillion in May 2007, doubled in over a decade to $2 trillion in July 2017, and $3 trillion in May 2021.
Currently, there are only four stock markets in the world that are in the $5 trillion club: the United States, China, Japan, and Hong Kong. The United States leads with a market capitalization of approximately $55.65 trillion, followed by China ($9.4 trillion), Japan ($6.42 trillion), and Hong Kong ($5.47 trillion).
Indian stock market today
The BSE Sensex on Tuesday fell nearly 53 points in volatile trade due to weak trends in Asian and European markets and fresh foreign fund outflows. The 30-share Sensex closed 52.63 points or 0.07 per cent lower at 73,953.31, as 18 of its constituents closed lower and 12 advanced. The index moved around 426 between a high of 74,189.19 and a low of 73,762.37 in daily trading.
However, NSE's Nifty index closed 27.05 points or 0.12 per cent higher at 22,529.05, led by gains in metal stocks. As many as 27 Nifty stocks declined while 23 closed higher.
Among Sensex components, Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank and Axis Bank were the major laggards. Tata Steel, JSW Steel, Power Grid, Tech Mahindra and State Bank of India were among the gainers.
Foreign institutional investors (FIIs) sold shares worth Rs 92.95 billion on Saturday, according to exchange data. Global oil benchmark Brent crude fell 0.55% to $83.25 a barrel.