The 30 Sensex companies, which are among the biggest in the country, now account for nearly 50 per cent or about Rs 47 lakh crore of total investor wealth.

As part of the top management, Mistry played a major role in HDFC's forays into banking, insurance and asset management.

At present, the total market capitalisation (m-cap) of BSE-listed companies stands at Rs 97,13,196 crore which is just Rs 2.86 lakh short of the Rs 100 lakh crore milestone.

Stock split involves division of equity shares by lowering their face value. It increase affordability and liquidity but have no impact on future returns.

Positive investor sentiment following the formation of new government at the Centre and strong foreign fund inflows have been driving the equity markets, experts said.

In 2010, the then Cabinet had approved a proposal to keep the minimum shareholding of government to 58 per cent in PSU banks in order to provide buffer for the future.

Barring ICICI Bank, rest nine companies, including TCS, ONGC, RIL, ITC and Coal India suffered losses.

The portfolio comprises three plants with an asset life of over 50 years. The completion of the proposed transaction would make RPower the largest provider of hydroelectric power in the private sector in India.

According to Sebi data, banks are the top asset in portfolios of equity funds. A fall in interest rates and inflation may further encourage funds to add bank stocks.

The 30-share index, which had a solid run in the past few days, surged 1,470 points to hit a new life-time high of 25,375.63 in early trade fuelled by hopes that BJP government would fast-track reforms and accelerate economic activity.

As the name, suggests the aim of the fund is to provide long-term capital appreciation by primarily investing into stocks focus being emerging companies i.e. at least 50% in small-cap stocks, up to 35% into other companies including foreign securities and upto 35% in debt securities.

SBI Magnum Equity has a three-year annualised return of 5.63 per cent, compared with the category's 3.70 per cent.

Finance Minister P Chidambaram said public sector banks should deal strictly with wilful defaulters to check NPAs while being sympathetic towards borrowers facing difficulties.

The Cabinet on Thursday cleared the proposal for sale of 10 per cent government stake in Indian Oil Corporation (IOC), which may fetch around Rs 3,750 crore to the exchequer at the current market price.

Credit Suisse and HSBC have been selected as merchant bankers to manage the sale of shares in hydel producer NHPC.

The government on Thursday cleared the proposal for 7.64 per cent stake sale in National Fertilisers Ltd (NFL), which is expected to fetch around Rs 125 crore to the exchequer.

Mutual funds have changed the way Indians invest. Money Today looks at how they performed in 2012-13.

As part of its special package on India's Best Mutual Funds, Money Today asked the top fund managers of 2012-13 how they balanced investors' expectations with the schemes' objectives.

Witnessing a sharp value erosion in their scrips during the last quarter of the current fiscal, about 50 listed banks and NBFCs of the country have lost nearly Rs 1.43 lakh crore in their market capitalisation in this period.

RIL and TCS emerged as the big winners as the combined market capitalisation (m-cap) of top-10 Sensex companies surged by a staggering Rs 83,488 crore last week.