BSE-listed firms market cap hits all-time high of Rs 447.40 lakh crore
The 30-share BSE Sensex saw an intraday peak of 80,392.64 in early trading. Despite volatility and profit-taking by investors, the index managed to close 62.87 points, or 0.08 percent, higher at 80,049.67.
The market capitalisation of firms listed on the Bombay Stock Exchange (BSE) reached a historic high of Rs 447.40 lakh crore on Thursday, as the benchmark Sensex closed at a fresh all-time high level.
The 30-share BSE Sensex saw an intraday peak of 80,392.64 in early trading. Despite volatility and profit-taking by investors, the index managed to close 62.87 points, or 0.08 percent, higher at 80,049.67.
The market capitalisation (mcap) of BSE-listed firms soared to an unprecedented Rs 4,47,30,452.99 crore (USD 5.36 trillion). Of the 4,021 stocks traded, 2,185 advanced, 1,742 declined, and 94 remained unchanged.
"Indian stock markets opened higher on Thursday, continuing their record-breaking rally amid expectations that the Federal Reserve could lower borrowing costs sooner following weak US economic data," said Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox. "Despite an initial surge, benchmark equity indices ended the day largely unchanged from Wednesday's close, as gains in technology shares were offset by losses in HDFC Bank."
The overall market momentum remained positive, with the Pharma, Healthcare, and IT sectors emerging as the top gainers. In the broader market, the BSE Smallcap gauge rose by 0.62 percent, and the midcap index climbed by 0.60 percent.
On Wednesday, the BSE Sensex breached the historic 80,000 level intraday for the first time, while the Nifty index gained more than 162 points to close at a fresh lifetime high of 24,286.50.
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