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Market capitalisation of BSE-listed firms poised to break into $4 trillion club

NEW DELHI: The combined market capitalisation of BSE-listed firms hit an all-time high of Rs 331 lakh crore on Tuesday and is just shy of entering the landmark $4-trillion club.

At the end of trade, the market capitalisation of BSE-listed companies reached Rs 3,31,05,425.71 crore, which translates to $3.97 trillion at the current exchange rate of 83.34, thanks to a fag-end recovery in the equity market after a highly volatile trade.

On May 24, 2021, the market capitalisation of all listed companies on the BSE touched the $3 trillion mark.

The 30-share BSE benchmark Sensex hit its all-time peak of 67,927.23 on September 15, this year.

While the BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year, the market capitalisation (mcap) of all listed firms at its platform has jumped Rs 48.67 lakh crore.

The 30-share BSE Sensex climbed 204.16 points or 0.31 per cent to settle at 66,174.20 on Tuesday.

Among the Sensex firms, Tata Motors, Bajaj Finserv, UltraTech Cement, Bajaj Finance, NTPC, Bharti Airtel, Titan and Axis Bank were the major gainers. ITC, ICICI Bank, Power Grid and HDFC Bank were among the laggards. Among the indices, utilities rallied 3.64 per cent, power jumped 3.47 per cent, oil & gas climbed 3.13 per cent, energy (2.27 per cent), services (2.02 per cent), commodities (1.27 per cent) and metal (1.13 per cent).

FMCG, industrials, telecommunication and capital goods were the laggards.

At the end of trade, the mcap of BSE-listed entities reached Rs 3,31,05,425.71 cr, which works to $3.97 trillion at the current exchange rate of 83.34

BUSINESS

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2023-11-29T08:00:00.0000000Z

2023-11-29T08:00:00.0000000Z

https://news.dtnext.in/article/282295324956772

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