BSE-Listed Firms Hit Record Market Cap. of Rs 295.72 Lakh Cr
In a remarkable development, the market capitalization of BSE-listed companies soared to an unprecedented level of Rs 295.72 lakh crore during early trading on Friday. This surge was propelled by positive sentiment in the equity market, with the benchmark Sensex reaching its all-time high.
Continuing its upward trajectory for the third consecutive day, the Sensex, consisting of 30 shares, surged by 499.42 points or 0.78 percent, reaching a new peak of 64,414.84 in early trades.
As a result of this bullish trend in equities, the market capitalization (mcap) of BSE-listed companies experienced a significant jump, reaching Rs 2,95,72,338.05 crore.
It is worth noting that on June 21, the market capitalization of BSE-listed companies had already reached a historic high of Rs 2,94,36,594.50 crore.
Among the constituents of the Sensex, prominent gainers included Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank, and HDFC.
However, ITC, Bharti Airtel, ICICI Bank, and Tata Steel witnessed a decline in their stock prices.
In the Asian markets, Seoul, Shanghai, and Hong Kong observed positive trends, while Tokyo experienced a decline.
The global oil benchmark, Brent crude, rose by 0.30 percent to reach USD 74.56 per barrel.
According to exchange data, foreign institutional investors (FIIs) invested Rs 12,350 crore in equities on Wednesday.
Previously, the BSE benchmark had surged by 499.39 points or 0.79 percent, settling at its lifetime closing high of 63,915.42 on Wednesday. The Nifty also witnessed a significant increase, climbing by 154.70 points or 0.82 percent, culminating in a record high of 18,972.10.
BSE Limited, commonly referred to as the Bombay Stock Exchange, is an Indian stock exchange situated on Dalal Street in Mumbai. Founded by prominent cotton merchant Premchand Roychand in 1875, it holds the distinction of being the oldest stock exchange in Asia and ranks among the top ten oldest exchanges globally.
For more of the Latest News, Click Here