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At present, the market cap of Sensex lies close to 277 lakh crores INR. The weighting method applied in the BSE Sensex is capitalization based on the free-float market. The Sensex took a huge dip on 22nd May 2006 when the extreme market volatility led to a crash of 1100 points. The investors had to suffer a loss of about 131 billion dollars within a mere period of seven trading windows.
On 5th December 2006, the BSE Sensex could cross its 14000 mark. This was a historic achievement that was realized within twenty years of its inception.
On 5th November 2010, Sensex could cross the 21000 mark which inferred that it would take at least three more years for the index to set the next close over this benchmark.
Four years later on 16th May 2014, the Sensex rose by the 3000 mark. The BSE Sensex by now had broken all previous achievements garnered by other indexes across the world.
2014 was a successful year for Sensex as the Stock Exchange experienced its seventh milestone of covering 1000 points in the same year by overcoming its previous benchmark set in 2007.
Now let us discuss three important corporate limited brands that consistently live up to the expectations of the investors and end up in the list of top 30 companies stated in the BSE Sensex.
Reliance Industries Ltd
Reliance Industries Private Ltd is a multinational conglomerate entity which has originated in India. It has diversified its business profile by showcasing expertise in several fields like energy, natural gas, telecom, petrochemicals, mass media, and textiles. As per the listings of BSE Sensex, Reliance Industries Private Ltd is one of the greatest publicly traded corporations in the Indian market. If we talk about the total revenue, then Reliance Industries Private Ltd accounts for the largest Indian company. Its world-class endeavors have secured it the 155th place among the top 500 largest global corporations as per the list published in Fortune business magazine. The company indulges in large-scale export ventures. The recently leaked figures suggest that Reliance Industries Private Ltd contributes to 8% of the total export volume of the country. Due to its prominence, it has become a key investor for the central government. The RIL ranks at the top position as an income taxpayer among all the private companies of India. The core business of Reliance Industries Private Ltd happens to be the natural gas and petrochemical-related operations. But in course of time, the business has been distributed to separate wings like telecom, retail, clothing, etc. By March 2021, the RIL is entitled to 150 other associate companies and 347 subsidiaries, the most popular being Jio, Reliance Solar, Reliance Logistics, Embibe, Network 18, etc.
Infosys Ltd
Infosys Ltd is a multinational IT firm that has its headquarters in Bengaluru. It was inaugurated in Pune on 2nd July 1981. It emerges as the second greatest IT firm in India following TCS. It has a global prominence as well which was well approved in the Forbes magazine published in 2000. It showed Infosys as the 602nd biggest public corporate brand all across the world. The primary services of the company include software development, independent validation offerings to financial firms, computer hardware manufacturing, and other related aspects. Besides this, the brand has occupied the global market through its consulting service. It has also stepped into the field of digital marketing to meet the latest demands of the advertising market.
HDFC Bank Ltd
This banking financial institution has established its launching pad in Mumbai. By April 2021 HDFC Bank Ltd became the tenth grandest banking institution in the world as per market cap. In BSE Sensex it emerges as the third biggest company exhibiting a market value of 122.50 billion Dollars. More than one lakh employees are currently working for this private bank. The HDFC shares expertise in wholesale banking, issuance of auto loans, consumer durable loans, validating credit cards, treasury and lifestyle loans. It created a record back in 2000 when it collaborated with TimeBank of Bombay marking the first-ever merger between two private corporate banks in the new era.
Conclusion
The BSE Sensex enlists the top 30 companies of India according to the performance of their shares in the stock market. It is a highly volatile market that the investors check thoroughly before investing. It usually offers high levels of returns as compared to conventional public or private sector banks. There are a few companies in India that consistently outperform their competitors in various sectors of the commercial market.
