M-cap of BSE-listed companies rises to record Rs 244 lakh crore

On Friday, the market capitalization of BSE-listed businesses reached an all-time high of Rs. 2,43,73,800.36 crore (US$ 3.33 trillion), owing to positive equities mood. On Friday, the BSE benchmark Sensex rose 175.62 points to close above 56,000 for the first time. It rose 239.13 points to 56,188.23 over the day.

The market capitalization of BSE-listed companies was Rs. 2,43,73,800.36 crore (US$ 3.33 trillion) at the closing of trade.

In two days of market rise, investors have profited Rs 2,20,292.05 crore (US$ 30.07 billion).

“Indian benchmark indices stayed positive even as global markets traded mixed as investors expected announcements from the Jackson Hole Economic Symposium,” said Mr. Vinod Nair, Geojit Financial Services' Head of Research.

L&T, Dr. Reddy's, Sun Pharma, Bajaj Finserv, TCS, Bharti Airtel, and Kotak Bank were the top gainers in the 30-share pack, each gaining 3.57%.

Infosys, IndusInd Bank, M&M, and Nestle India, on the other hand, were among the laggards.

“The Nifty-50 closed barely above 16,700, while the Sensex closed above 56,000, setting a new high for Indian equities markets. The Jackson Hole conference, which will take place later this evening, will be eagerly watched by markets all over the world” Hem Securities' Head of PMS, Mr. Mohit Nigam, stated.

The BSE midcap and smallcap indices gained up to 1.04% in the broader market.

Capital goods (2.14%) and basic materials (2.14%) led all BSE sectoral indices higher at the close (1.69%).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.