MCap Of BSE-Listed Firms At All-Time High Of Rs 295.72 Lakh Crore, Bolstered By Sensex Rally

Continuing its upward momentum for the third session, the 30-share Sensex saw a gain of 499.42 points or 0.78 per cent, reaching an all-time high of 64,414.84 in early trading sessions

Earlier, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore on June 21. 

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The market capitalisation (MCap) of BSE-listed companies soared to a record-breaking Rs 295.72 lakh crore in early trade on Friday, reported PTI. As per the report, this impressive rise was fueled by positive sentiment in the equity market, with the benchmark Sensex reaching a new lifetime high. Continuing its upward momentum for the third consecutive day, the 30-share Sensex witnessed a gain of 499.42 points or 0.78 per cent, reaching an all-time high of 64,414.84 in early trading sessions.

Backed by this rally in equities, the news agency reported that the market capitalisation (Mcap) of BSE-listed companies jumped to Rs 2,95,72,338.05 crore. Earlier, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore on June 21. 

At 12.30 am, the BSE Sensex was trading at 64,473, up 558 points. On the other hand, the NSE Nifty climbed 150 points to 19,123.

On the 30-share Sensex platform, Mahindra & Mahindra, IndusInd Bank, Sun Pharma, Infosys, and TCS were among the lead gainers. On the downside, only NTPC and ICICI Bank emerged as losers.

Among individual stocks on Nifty, shares of Mahindra & Mahindra and IndusInd Bank, surged over 3 per cent, closely followed by Sun Pharma, Bajaj Auto, and Hero Moto Corp each over 2.5 per per cent.  Adani Port, Apollo, HDFC Life, and Adani Enterprises were the laggards.

In Asian markets, Seoul, Shanghai, and Hong Kong traded in the green while Tokyo quoted lower. Global oil benchmark Brent crude climbed 0.30 per cent to $74.56 a barrel.

As per exchange data, foreign institutional investors (FIIs) bought equities worth Rs 12,350 crore on Wednesday. 

On Thursday, the National Stock Exchange and BSE remained closed on account of Bakri Eid (June 29). In the previous session on Wednesday, the Sensex ended with a gain of 499 points at 63,915, while the NSE Nifty 50 closed with a gain of 155 points at 18,972.

Meanwhile, the rupee traded almost flat at 82.02 against the US dollar in early trade on Friday amid gains in domestic equities and firm crude oil prices. The rupee opened weak at 82.05 at the interbank foreign exchange market due to firm crude oil prices in the Asian trade. It moved in a tight range of 82.01 to 82.07 in early trade.