M-cap of BSE-listed cos at record high, tops Rs 113 lakh cr

Notable gainers were Gail, ONGC, Tata Steel and Sun Pharma

The total market valuation of BSE-listed companies surged to an all-time high of over Rs 113 lakh crore today amid positive stock market sentiment.

During the afternoon trade on BSE, the market capitalisation (m-cap) swelled to Rs 1,13,32,516 crore.

Earlier, it had hit a record high of Rs 100 lakh crore in November 2014.

The 30-share BSE Sensex was trading 65.61 points higher at 28,308.90 during the afternoon trade.

Notable gainers were Gail, ONGC, Tata Steel and Sun Pharma.

The bluechip index had hit its 52-week high of 29,077.28 on September 8 this year. So far in 2016, the 30-share key index has surged 2,125.75 points or 8.13 per cent.

BSE is among the world's ten largest exchanges in terms of market value while it is the biggest in terms of number of firms listed on its platform.

TCS is the most valued Indian firm with a market valuation of Rs 474,479.05 crore, followed by RIL (Rs 3,56,173.98 crore), HDFC Bank (Rs 328,132.19 crore), ITC (Rs 293,523.65 crore) and Infosys (Rs 239,984.78 crore).

Illustration: Uttam Ghosh/Rediff.com