Now, NSE joins Rs 100-trn market cap league

Boosted by a rally in stocks, total market valuation of listed companies at the National Stock Exchange hit the Rs 100 lakh crore (Rs 100 trillion)-mark on Wednesday.

The market capitalisation (m-cap) of NSE listed firms rose to Rs 100.2 lakh crore at the end of trade.

The 50-share Nifty hit a historic high of 8,741.85. The 50-share index also registered all-time closing high of 8,729.50, a gain of 33.90 points or 0.39 per cent.

"Extending their northward journey for fifth day in a row, the key benchmark indices gained close to half a per cent. Initially, firm global cues helped index to open on positive note which later followed by a range bound session till the end," said Jayant Manglik, President-retail distribution, Religare Securities Limited.

At the Nifty, 27 stocks advanced, while 23 declined. HUL was the biggest gainer with 5.34 per cent rise, while ITC with a loss of 5.15 per cent was the biggest loser at the Nifty.

Bonanza Portfolio Senior Vice President Rakesh Goyal said the crucial Budget date announcement was also a market mover.

Scaling a similar peak, the total market valuation of all listed firms at the BSE had hit a record high of Rs 100 trillion in November last year.

At present, the total market cap of BSE listed firms stands at Rs 1,02,56,540 crore.