Market capitalistaion of BSE-listed companies jumps to all-time high of over Rs 280 lakh cr on Monday

Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade.

The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48.

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The market capitalisation of BSE-listed firms reached a lifetime high of Rs 2,80,02,437.71 crore on Monday.

Sensex and Nifty broke their five-day rising streak to close with slim losses on Friday.

"Markets started the week on a flat note amid mixed global cues. As the day progressed, high volatility was witnessed but the benchmark traded in a positive range for most of the session," said Ajit Mishra, VP - Research, Religare Broking Ltd.

Ultratech Cement was the biggest gainer among the Sensex shares, with a gain of 2.78 per cent, followed by Maruti Suzuki, Mahindra & Mahindra, Tata Steel, TCS, L&T and SBI.

In the broader market, BSE midcap index rose by 0.23 per cent while smallcap index gained 0.61 per cent.