Market cap crossed 3 trillion dollar, RIL, TCS and HDFC Bank among top 10 stocks of Nifty

On May 21, the market cap of listed companies on the BSE crossed $ 3 trillion level due to the uncertainty prevailing in the market due to Corona virus. According to the data available on BSE on May 25, the market cap of listed companies on BSE has reached 219.06 lakh crore.

The year 2020 and the year 2021 have been the most volatile phase so far due to Corona’s hit and the ensuing lockdown.

Motilal Oswal In its note issued on May 24, 2021, it has described the journey of the Indian market from $ 250 billion to $ 3 trillion. For example, Motilal Oswal has pointed out in his note that the market cap of BSE has taken 6,375 calendar days to reach $ 250 billion to $ 3 crore trillion. At present, the Indian market has become the 8th largest market in the world.

Currently, Reliance Industries (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys and Hindustan Unilever are among the largest companies in India from a market cap perspective.

Let me tell you that in 2007 ONGC, Bharti Airtel, NTPC, Reliance Communications and Wipro were the companies which were top 10 companies in terms of market cap but they did not manage to save their position.

If we look at this note of Motilal Oswal, in 1996 this list was dominated by consumer and PSU companies, but in 2021, private banks and technology companies are dominating the Nifty.

Motilal Oswal believes that the second wave of Corona in India seems to be subsiding and the pace of the Indian market may increase further as the pace of vaccination accelerates for the rest of the year.

There has also been a strong boom in the registration of retail investors in the Indian market. BSE data shows that 6,92,17,591 retail investors have been registered this year, showing an increase of 38.37 per cent year-on-year.

Despite the recent sell-off by foreign institutional investors, there has been an increase in the market cap of listed companies on the BSE. However, if we look at the figures of the last 12 months, FIIs are still net buyers.

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