With this, HDFC joined the league of blue-chip companies that command a market value of over Rs 2 lakh crore including ONGC, RIL and others.

Ranked at the 45th position, the private sector bank is ahead of global majors Credit Suisse, DBS Group, and Standard Chartered with a market capitalisation or M-Cap of $40.58 billion.

HDFC Bank is already a market leader in e-commerce. \"Almost 45 per cent of the transactions are on our (debit or credit) cards,\" says Aditya Puri.

Accordingly, the Finance Ministry would also crystallise its view about allocation towards PSU banks during the current 2014-15 financial year, sources said.

Currently, HDFC Bank is the second largest lender in the private sector, although it ranks on the top in terms of market valuation ahead of its competitor ICICI Bank.

However, the agency said it expects access to core equity to remain challenging.

\"The quantum of capital support needed by banks is huge, which cannot be funded by budgetary support alone,\" an official statement said, detailing the decision taken by the Cabinet, headed by Prime Minister Narendra Modi, to allow PSBs to raise equity capital from market.

At the close of Wednesday's trading session, the total BSE market cap stood at Rs 99,63,758 crore, as against a peak of Rs 1,00,40,408 crore or Rs 100.4 trillion scaled just a few minutes earlier.

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.