Friday, July 19, 2024
HomeBusinessBSE companies’ market cap hits all-time high of Rs 445.43 lakh crore

BSE companies’ market cap hits all-time high of Rs 445.43 lakh crore

Market cap surge: The market capitalisation of BSE-listed firms reached a record high of Rs 445.43 lakh crore on Wednesday, driven by a major rally in equities. The benchmark Sensex breached the historic 80,000 mark for the first time ever.

The 30-share Sensex surged 632.85 points, or 0.79 per cent, to hit a record intraday high of 80,074.30. It later closed near the 80,000 level at 79,986.80, up 545.35 points, or 0.69 per cent.

The market capitalisation (mcap) of BSE-listed firms peaked at Rs 4,45,43,642.29 crore ($5.33 trillion).

The BSE Sensex breached the 78,000 level on June 25 and the 79,000 mark for the first time on June 27.

“Markets continued their ongoing streak of making new highs supported by firm global trends. Nifty crossed the 24,300 mark while Sensex breached the historic 80,000 mark amid buying in banking stocks,” said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd.

Among the Sensex pack, Adani Ports, Kotak Mahindra Bank, HDFC Bank, Axis Bank, IndusInd Bank, State Bank of India, Power Grid, JSW Steel, Bajaj Finance, and Tata Steel were the biggest gainers.

Read the full news on Republicbiz



Source link

RELATED ARTICLES

Most Popular

Recent Comments