BSE listed companies' market-cap hits record high at Rs 160.68 trillion
The total market capitalisation of BSE-listed companies touched a new high of Rs 160.68 trillion on Friday, led by Reliance Industries (RIL), information technology (IT), and pharmaceutical stocks. Investor wealth of BSE-listed firms, measured by market capitalisation (m-cap), saw a previous record high of Rs 160.57 trillion, scaled on January 17, 2020, the BSE data shows.
At 02:40 pm, the benchmark S&P BSE Sensex traded at 40,526 points. The index is just 4 per cent away from its all-time high level of 42,273.87, touched on January 20, 2020. The S&P BS Sensex, however, ended the day at 40,509 levels - up 327 points, 0.8 per cent. On the other hand, the S&P BSE Midcap and the S&P BSE Smallcap index are over 20 per cent away from their respective record high levels hit during January 2018. RIL steals the show
In absolute terms, Reliance Industries, which was trading close to its record high level, contributed Rs 4.67 trillion to the m-cap since January 17 level. The top four IT companies -- Tata Consultancy Services (Rs 2.25 trillion), Infosys (Rs 1.42 trillion), HCL Technologies (Rs 70,243 crore), and Wipro (Rs 69,969 crore) -- have collectively contributed Rs 5.08 trillion m-cap rise during the period.
Ten pharmaceutical companies including Dr Reddy’s Laboratories, Divi’s Laboratories, Cipla, Aurobindo Pharma, and Biocon have collectively added Rs 2 trillion m-cap, while, Adani Green Energy, Hindustan Unilever, Asian Paints, and Tata Consumer Products are among notable companies added a combined Rs 1.75 trillion m-cap since January 17.