The Market Cap today on BSE was Rs 4865045 crs.
A declining Dollar with US $ =Rs 47.20 gives a Market Cap of US $ 1031 Billion
That’s over One Trillion US Dollars yet again !
Reliance Industries continues to reign supreme and is Numero Uno in Market Cap with Rs 358433 crs or US $ 76 Biliion…that’s 7.4% of Total Market Cap !
Under Three Months ago we were at Half a Trillion or 500 Billion Dollar levels in March 2009
This Market Cap run of 100% has been one of the fastest in the past 17 years
And the Q 4 GDP Growth rates figures were better than expected at 5.8%…that gives an indication that the GDP Growth rate for FY 09 will be 6.7%,better than feared
That gives the Valuation parameter of Market Cap/GDP of over 1…Now that’s good ! but does sound a little caution for the market momentum ahead in the short term!
Another interesting observation ….Normally the Sensex Market Cap was 49% of Total Market Cap…It’s been falling past few months and is now at 45.7%…this shows action is heating up in Non Sensex Scrips..read as Mid cap scrips
Yet !,Way to go India !