BSE-Listed Firms Hit an All-Time High Market Capitalisation of Rs 331 Lakh Crore, Nearing USD 4 Trillion Club
On Tuesday, the combined market capitalisation of BSE-listed firms reached an all-time high of Rs 331 lakh crore, just shy of entering the landmark USD 4 trillion club. At the end of trade, the market capitalisation of BSE-listed companies stood at Rs 3,31,05,425.71 crore, which translates to USD 3.97 trillion at the current exchange rate of 83.34.
This milestone was achieved thanks to a fag-end recovery in the equity market after a highly volatile trade. On May 24, 2021, the market capitalisation of all listed companies on the BSE touched the USD 3-trillion mark.
The 30-share BSE benchmark Sensex hit its all-time peak of 67,927.23 on September 15, this year. The BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year while the market capitalisation has experienced a jump of Rs 48.67 lakh crore.
On Tuesday, the 30-share BSE Sensex climbed 204.16 points or 0.31 per cent to settle at 66,174.20. Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, attributed the gains to an uptick in power, metal, and auto stocks, as well as hopes of strong growth momentum and receding worries of rate hikes in the US.
Tapse also noted that FIIs turning net buyers of local equities in the last few sessions has brought some optimism to the market. However, he cautioned that caution could prevail in the next few sessions ahead of monthly F&O expiry and exit poll results of five state elections later this week.
Major gainers among the Sensex firms included Tata Motors, Bajaj Finserv, UltraTech Cement, Bajaj Finance, NTPC, Bharti Airtel, Titan, and Axis Bank, while ITC, ICICI Bank, Power Grid, and HDFC Bank were among the laggards.
In the broader market, the BSE midcap gauge climbed 0.30 per cent while the smallcap index gained marginally by 0.06 per cent. Among the sectors, utilities rallied 3.64 per cent, power jumped 3.47 per cent, oil & gas climbed 3.13 per cent, energy rose by 2.27 per cent, services increased by 2.02 per cent, commodities by 1.27 per cent, and metal by 1.13 per cent.
On the other hand, FMCG, industrials, telecommunication, and capital goods were the laggards.
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