BSE-listed companies market cap peaks at Rs 429.32 lakh crore
Power Grid was the biggest gainer on the Sensex chart, rising 2.54 per cent, followed by Tech Mahindra, Bajaj Finance, NTPC, UltraTech Cement, Larsen & Toubro, Tata Steel, Bharti Airtel, Bajaj Finserv and HCL Technologies.In contrast, Hindustan Unilever, Mahindra & Mahindra, Infosys and Titan were among the laggards.
On Wednesday, the market capitalization of BSE-listed companies surged to a historic high of Rs 429.32 lakh crore, buoyed by the BSE benchmark Sensex's upward trajectory amidst a predominantly positive trend in global equities.
The 30-share BSE Sensex closed up by 149.98 points or 0.20 percent at 76,606.57. Throughout the day, it soared by 593.94 points or 0.77 percent, reaching 77,050.53. Notably, the Sensex is just 28.51 points shy of surpassing its previous all-time peak of 77,079.04.
The market capitalization of BSE-listed firms peaked at Rs 4,29,32,991.65 crore (USD 5.14 trillion) — marking its zenith in history.
Power Grid emerged as the frontrunner on the Sensex, with a 2.54 percent increase, closely followed by Tech Mahindra, Bajaj Finance, NTPC, UltraTech Cement, Larsen & Toubro, Tata Steel, Bharti Airtel, Bajaj Finserv, and HCL Technologies. Conversely, Hindustan Unilever, Mahindra & Mahindra, Infosys, and Titan experienced declines.
Across Asian markets, Seoul and Shanghai ended on a positive note, while Tokyo and Hong Kong closed lower. European markets predominantly traded with gains, mirroring the positive sentiment.
In the US, markets concluded mostly higher on Tuesday. In the broader market spectrum, the BSE midcap gauge surged by 1.07 percent, and the smallcap index climbed by 1.06 percent.
Among sectoral indices, industrials, power, capital goods, energy, commodities, healthcare, and metal witnessed significant gains. However, realty and FMCG sectors lagged behind.
"Despite a strong start, the markets only managed modest gains supported by selective buying, as investors exercised caution ahead of the US policy rate meeting later in the day," commented Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.
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06:19 PM IST