Market-cap of BSE-listed companies zooms to Rs 5.36 lakh cr in first two days in 2022

The BSE-listed companies’ market capitalization jumped over Rs 5.36 lakh crore in the first two days of trading in the New Year. This is mainly driven by optimism in the broader market amid firm global cues and massive buying sentiment for two consecutive session. 

The BSE Sensex in the last two days have surged over 1600 points, as it gained 672.71 points or 1.14 per cent to settle at 59,855.93 on Tuesday, while it surged over 929 points or 1.6 per cent to close at 59,183.22 on Monday, the first trading day of 2022. 

The market capitalisation of BSE-listed companies jumped by Rs 5,36,139.91 crore in just two trading sessions to reach Rs 2,71,36,351.46 crore, aided by the ongoing rally in the market. 

Public sector undertaking NTPC shares was the lead gainer in the 30-share Sensex pack, gaining almost 5.5 per cent, followed by Power Grid, SBI, Titan Company, Reliance and Axis Bank. Similarly, the midcap and small cap indices jumped up to 0.39 per cent in the broader markets. 

"Markets traded buoyantly and ended higher for the third consecutive day. Upbeat global cues led to a firm start, which further strengthened with healthy buying in energy, banking, and IT majors. 

"Markets are currently following their global counterparts while the domestic factors are showing mixed indications. Besides, the earnings season is also around the corner and it seems that participants are expecting a positive trend," said Ajit Mishra, VP - Research, Religare Broking Ltd. 

In 2021, equity investors reaped handsome rewards as their wealth grew nearly by Rs 78 lakh crore. 

(With PTI inputs)