M-cap of BSE-listed firms hits record high of Rs 220.74 lakh crore
In two days of market rally, investors’ wealth has risen by Rs 1,67,959.92 crore to Rs 2,20,74,421.11 crore. (Representative image)
NEW DELHI: The market capitalisation (m-cap) of BSE-listed companies reached an all-time high of Rs 220.74 lakh crore on Thursday, helped by a bullish sentiment in the equity market.
At the close of trade, their market capitalisation stood at Rs 2,20,74,421.11 crore.
The 30-share BSE benchmark closed 97.70 points, or 0.19 per cent, higher at 51,115.22 on Thursday. In the previous trade, it had closed 379.99 points or 0.75 per cent higher at 51,017.52.
In two days of market rally, investors’ wealth has risen by Rs 1,67,959.92 crore to Rs 2,20,74,421.11 crore.
Reliance Securities Head (Strategy) Binod Modi said, “Domestic equities remained resilient and traded in range, amid expiry-led volatility. Buying momentum remained visible in mid-cap and small-cap stocks and they have outperformed benchmark indices.”
SBI was the leading performer in the 30-share BSE pack, jumping 2.84 per cent, followed by Kotak Bank, Axis Bank and Bajaj Auto.
In contrast, HDFC, Bajaj Finance, ONGC and Bharti Airtel were among the laggards.
In the broader market, the BSE Midcap and Smallcap indices gained up to 0.54 per cent.
The BSE bankex, consumer durables, power, utilities and IT rose up to 1.19 per cent; while realty and telecom, among others, closed lower.