Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore.
On Wednesday, the market capitalization of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore,mainly driven by optimistic sentiments in the broader market.
On Wednesday, the market capitalization of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore,mainly driven by optimistic sentiments in the broader market.The BSE Sensex jumped 134.32 points, or 0.25 percent, to 52,904.05 at the close of trading, marking its second straight session of gains.
At the close of the day's trading, the market capitalization of BSE-listed businesses had set a new high of Rs 2,33,06,440.17 crore. During the two days of market rise, investors' wealth increased by Rs 1,42,806.24 crore.
'Despite bearish global signals, local indices reduced early losses and surged to new highs, boosted by robust Q1FY22 IT sector result expectations and favourable economic outcomes,' said Vinod Nair, Head of Research at Geojit Financial Services.
Among the 30-share pack, Tech Mahindra, HCL Tech, and Infosys were the largest gainers, followed by L&T, Tata Steel, ITC, and TCS.
Maruti, HUL, Dr. Reddy's, Nestle India, and Titan, on the other hand, were among the laggards.
The BSE midcap and smallcap indices rose up to 0.24 percent in the broader market.
BSE IT, teck, capital goods, healthcare, and metal indexes all completed the day with gains of up to 2.25 percent, while real estate, oil and gas, energy, and auto indices, among others, ended the day with losses.