Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
World News

Market valuation of companies listed on the Bombay Stock Exchange hits record high of Rs 315 Lakh Crore

In two days, investors’ wealth increased by Rs 5,41,951.7 crore.

New Delhi:

The market capitalization of BSE-listed companies hit an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiment amid encouraging domestic macro data and a firm trend in global equities.

BSE’s benchmark Sensex climbed 240.98 points, or 0.37 percent, to 65,628.14. During the day, it rose 296.75 points, or 0.45 percent, to 65,683.91.

The barometer ended Friday up 555.75 points, or 0.86 percent, at 65,387.16.

In two days, investors’ wealth increased by Rs 5,41,951.7 crore. The market capitalization of BSE-listed companies stood at Rs 3,15,01,090.40 crore.

“Markets extended their gains for the second trading session on rising expectations of a pause in rate hikes by the US Federal Reserve. in the country also boosted sentiment,” Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said.

Manufacturing activity in India gained momentum in August as new orders and production rose at their fastest pace in nearly three years, according to a survey released on Friday.

GST collections rose 11 per cent to more than Rs 1.59 lakh crore in August on better compliance and reduced evasion, with experts predicting a continuation of the higher cleanup over the next holiday season.

National passenger vehicle sales hit a record high in August, driven by Maruti Suzuki’s highest ever monthly shipments, driven by festive demand and continued strong demand for SUVs.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong finished higher.

European markets were trading in the green in early trades. US markets ended mostly in positive territory on Friday.

Of the Sensex pack, Wipro emerged as the biggest gainer, climbing 4.34 percent. HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India were the other big winners.

Mahindra & Mahindra, Axis Bank, ITC, Asian Paints, Bajaj Finance and Nestlé were among the laggards.

In the broader market, the BSE midcap index climbed 0.96 percent and the small cap index 0.84 percent.

Among the indices, metals jumped 2.72 percent, commodities 1.94 percent, utilities 1.91 percent, IT 1.74 percent, electricity (1 .55 percent), teak (1.51 percent) and services (0.59 percent).

FMCG and durable consumer goods lagged.

Foreign institutional investors (FIIs) were buyers on Friday as they bought shares worth Rs 487.94 crore, according to data from the exchange.

“Recent domestic macro data has painted a positive picture for domestic markets, allowing them to maintain momentum. Despite booking profits at Nifty Auto after hitting a record high, the market has regained its footing with robust equity buying computers.” Vinod Nair, head of research at Geojit Financial Services, said.

“The rising unemployment rate in the United States has bolstered expectations of a pause in rate hikes, and positive signals globally have further boosted market sentiment,” Nair said. PTI SUM TRB TRB

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.

Back to top button