Mcap of BSE-Listed Firms At Fresh Peak Of Rs 3.91 Lakh Cr; Investors Add Rs 2.20 Lakh Crore

Leading the gainers among Sensex shares were Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle

Among sectoral indices, BSE Telecom rose by 1.52 per cent, BSE Utilities by 1.29 per cent, BSE Consumer Durables by 1.76 per cent, BSE Services by 1.22 per cent, and FMCG by 0.84 per cent.

Source : PTI

Investors saw a surge in wealth on Monday as the market capitalisation (Mcap) of BSE-listed firms soared to an unprecedented high of Rs 3.91 lakh crore. This surge marks the fifth consecutive session of the stock market rally, buoyed by optimistic sentiments.

The 30-share BSE Sensex benchmark climbed 282 points to conclude at 72,708, while the NSE Nifty reached its all-time high, closing at 22,122 points, up by 82 points from the previous session. The Mcap of BSE-listed firms surged by Rs 2,19,581.56 crore, reaching an all-time high of Rs 3,91,69,087.01 crore.

Commenting on this surge, V K Vijayakumar, chief investment strategist at Geojit Financial Services, highlighted, "BSE market cap touching a record high of around $4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market. The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bullrun in the near-term since flows into the market from domestic individual investors and DIIs continue to be strong."

Leading the gainers among Sensex shares were Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle. Conversely, L&T, Wipro, IndusInd Bank, TCS, and Tata Motors faced losses.

In the broader market, BSE Midcap rose by 0.29 per cent, while BSE SmallCap gained 0.77 per cent, outperforming larger peers. The BSE Largecap index was up by 0.35 per cent.

Among sectoral indices, BSE Telecom rose by 1.52 per cent, BSE Utilities by 1.29 per cent, BSE Consumer Durables by 1.76 per cent, BSE Services by 1.22 per cent, and FMCG by 0.84 per cent. However, BSE Metal dropped 0.87 per cent, Realty by 0.63 per cent, Capital Goods by 0.62 per cent, and IT by 0.26 per cent.

Both the Sensex and Nifty closed positively for the fifth consecutive session, registering gains of around 2.3 per cent.