BSE firms mcap nears Rs10tr

New Delhi: As the benchmark BSE Sensex is witnessing a dream-rally, the total market valuation of BSE-listed companies has inched closer to the Rs100 lakh crore mark. At present, the total market capitalisation (m-cap) of BSE-listed companies stands at Rs97,13,196 crore which is just Rs2.86 lakh short of the Rs100 lakh crore milestone. In terms of the US dollar, the total market valuation of BSE-listed companies has surged to $1.58 trillion at the current rupee rate of 61.41 against the Greenback.

India had first entered the trillion-dollar club in June 2007, but moved out in September 2008 after a global meltdown. It again got back into the elite league in May 2009 and largely remai-ned there except for some brief time, including once in 2012. In August 2013, it had again slipped out of the list. The Sensex has gai-ned 6,745.2 points, or 31.86 per cent, so far this year. The index had hit its all-time high of 28,010.39 yesterday. Exp-erts said expectations of more reforms by the Narendra Modi-led government and a rate cut by the Reserve Bank of India (RBI) has helped markets scale new heights.

The Sensex blue-chips whose market valuation is more than Rs1 lakh crore include Tata Consultancy Services (TCS), ONGC, reliance India Limited (RIL), ITC, Infosys, HDFC Bank, Coal India, State Bank of India (SBI), ICICI Bank, Sun Pharma, HDFC, Hindustan Unilever Li-mited (HUL), L&T, Bharti Airtel, Tata Motors, Wipro, NTPC, HCL Tech and Axis Bank.

Outsourcing giant TCS is the most valued Ind-ian company with a market cap of

Rs5,09,435.77 crore.

Marketmen said Indi-an markets are also making merry, helped by smart foreign fund inflows. Since the beginning of this year, overseas inve-stors have infused a net amount of Rs82,266 crore ($13.7 billion) into the equities, while they inv-ested a net of Rs1.36 lakh crore into the debt market ($22.5 billion) taking the total to Rs 2.18 lakh crore ($36 billion).