Share Market Today: Sensex, Nifty Close Higher. Mcap Of BSE-Listed Firms Jumps To New High Of Rs 462.38 Lakh Cr

Share market today: On the 30-share Sensex platform, 20 out of 30 stocks closed in the green, with JSW Steel gained 3.64 per cent, followed by Asian Paints, Maruti, NTPC, Adani Ports, Bharti Airtel

Share market today: The two key equity benchmark indices, Sensex and NSE Nifty50, closed at a record high, extending their winning streak to the fourth day on gains in metal, power, and select auto stocks. The BSE Sensex settled at 81,741, up 285 points, while NSE Nifty50 closed 94 points higher at 24,951.

Stock update

On the 30-share Sensex platform, 20 out of 30 stocks closed in the green, with JSW Steel gained 3.64 per cent, followed by Asian Paints, Maruti, NTPC, Adani Ports, Bharti Airtel. On the down side, Reliance, Tata Motors, Infosys, M&M, Bajaj Finance, PowerGrid were among the losers.

Mcap of BSE-listed firms

The market capitalisation of BSE-listed companies jumped to a life-time peak of Rs 462.38 lakh crore ($5.52 trillion) on Wednesday helped by a four-day rally in benchmark indices, making investors richer by Rs 5.45 lakh crore.

In broader markets, the Midcap index closed at 58,990, rising 367 points, while select Smallcap stocks ended lower.

Sectoral update

Sectorally, most of the indices ended in the green, with gains of up to 1.24 per cent, except for PSU Bank, Oil & Gas and Realty.

"The domestic market is attempting to cross above the psychological threshold of 25,000, as subdued Q1FY25 earnings and stretched valuations are curbing the challenge, while positive global trends and sector rotation are supporting the traction," Vinod Nair, Head of Research, Geojit Financial Services said.

Global markets

The European markets were trading in the green territory while Asian markets settled higher. Wall Street closed on a mixed note on Tuesday.

Global oil benchmark Brent crude rose 1.88 per cent to $80.51 a barrel.

Foreign institutional investors offloaded equities worth Rs 5,598.64 crore on Tuesday, according to exchange data.

In the previous session on Tuesday, the BSE Sensex closed higher by 100 points at 81,455, its all-time closing high, while the NSE Nifty jumped 21 points to close at an all-time high of 24,857.

Rupee settles 1 paisa higher

The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.72 (provisional) against the US dollar on Wednesday, as the support from positive domestic equities was negated by month-end Dollar demand from importers.

At the interbank foreign exchange market, the domestic currency opened 1 paisa higher than the previous day's close.

It slipped to 83.75 during the day and settled for the day 1 paisa higher at 83.72 (provisional) against US dollar. On Tuesday, the rupee closed flat at 83.73 against the American currency.