Market capitalisation of BSE-listed firms hits fresh lifetime high of Rs 451.27 lakh crore; ITC, Sun Pharma among big gainers
The market capitalisation of BSE-listed firms hit an all-time high of Rs 4,51,27,853.30 crore (USD 5.41 trillion). Investors' wealth also went up Rs 1.56 lakh crore on Tuesday.
On Tuesday, the market capitalisation of BSE-listed enterprises touched a new lifetime high of Rs 451.27 lakh crore, while the BSE Sensex closed at a record level.
The 30-share BSE benchmark rose 391.26 points, or 0.49 percent, to reach a record closing peak of 80,351.64. During the day, it rose 436.79 points, or 0.54%, to a new lifetime high of 80,397.17.
The market capitalisation of BSE-listed companies reached an all-time high of Rs 4,51,27,853.30 crore (USD 5.41 trillion). Investors' wealth increased by Rs 1.56 lakh crore on Tuesday.
"After consolidating in the last few days, markets bounced back to make fresh high amid buying seen in index heavyweights," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Among Sensex components, Maruti Suzuki India rose 6.60 per cent on news that the Uttar Pradesh government eliminated registration charges on hybrid automobiles as part of a programme to encourage environmentally friendly vehicles in the state.
Mahindra & Mahindra, ITC, Sun Pharma, Titan, Tata Motors, and Nestle were the other big gainers.
Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, and JSW Steel were among the laggards.
Among the indices, auto jumped 2.17 per cent, consumer durables (2.01 per cent), realty (1.23 per cent), consumer discretionary (1.21 per cent), healthcare (1 per cent), and utilities (0.76 per cent).
Telecommunication, capital goods, and teck were the laggards.
A total of 2,010 stocks advanced while 1,924 declined and 92 remained unchanged on the BSE.
Also, 320 stocks hit their upper circuit limit while 242 firms hit the lower circuit levels.
"Both domestic and global factors continue to drive the market momentum. Currently, consumption sectors like FMCG and auto are leading the gains, buoyed by progress in monsoon and kharif sowing," Vinod Nair, Head of Research, Geojit Financial Services, said.
With agency inputs
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06:15 PM IST