New Delhi: In a big achievement for the Indian stock market industry, the total market cap of all BSE-listed companies has surpassed Hong Kong, making it the fourth-largest equity market worldwide. The BSE’s market cap currently stands at $5.18 trillion, slightly higher than Hong Kong’s $5.17 trillion, Bloomberg reported.
The US leads with a market cap of $56.49 trillion, followed by China at $8.84 trillion and Japan at $6.30 trillion.
India’s 10 most valued firms as per mcap
The top-10 pack include, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever (HUL) and ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the laggards from the top-10 pack.
Sensex, Nifty dip today
The benchmark equity indices dipped in early trade today as profit-taking booking was recorded after a record rally was recorded on June 13. The 30-share BSE Sensex dipped 206.18 points to 76,604.72, while the NSE Nifty slipped 61.5 points to 23,337.40.
Major losers among the 30 Sensex companies: Tech Mahindra, JSW Steel, HCL Technologies, NTPC, Bajaj Finserv, Kotak Mahindra Bank, Wipro and Tata Consultancy Services. Meanwhile, Titan, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were among the biggest gainers.
“In the near-term the market is likely to be range bound since there are no major triggers till the budget,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The BSE all listed firm’s market capitalisation cap surpasses Hong Kong again, becomes fourth-highest globally. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
