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BSE-Listed Firms' Market Valuation Touches Record High Of ₹ 346.47 Lakh Crore

Updated: Dec 17, 2023

The BSE Sensex jumped 431.02 points, or 0.63 per cent, to close at a new record high of 69,296.14. The broader index Nifty also climbed 168.50 points, or 0.81 percent, to hit its lifetime high of 20,855.30.

New Delhi: On Tuesday, the collective market capitalization of BSE-listed companies reached an unprecedented high of ₹346.47 lakh crore, propelled by record-breaking performances from key benchmark indices, Sensex and Nifty, and sustained inflows of foreign funds.

This surge has translated into a wealth increase of ₹2.99 lakh crore for equity investors, marking a substantial upswing in market sentiment. Analysts attribute this positive momentum to a shift in strategy by foreign institutional investors, who have transitioned from selling to consistent buying over the past week. Such a trend underscores institutional confidence in the Indian market.

Closing at a new record high, the BSE Sensex surged by 431.02 points (0.63%) to 69,296.14, while the broader Nifty climbed 168.50 points (0.81%) to touch a lifetime high of 20,855.30.

Following this rally, the market capitalization of BSE-listed firms witnessed a noteworthy increase of ₹2.99 lakh crore, reaching ₹346.47 lakh crore at the conclusion of Tuesday's trading session, up from ₹343.48 lakh crore on Monday.

Notable gainers among Sensex stocks included PowerGrid (4.46%), NTPC (3.89%), SBI (2.31%), and ICICI Bank (2.28%). Other performers contributing to the positive momentum were Mahindra & Mahindra, Titan, and Maruti.

Foreign institutional investors demonstrated strong participation, purchasing shares worth ₹2,073.21 crore on Monday. Throughout six trading sessions, investor wealth surged by ₹17.75 lakh crore.

The milestone of USD 4 trillion in combined market valuation for all BSE-listed companies was achieved on November 29, while the NSE surpassed the USD 4 trillion mark (₹334.72 trillion) on December 1.

In the broader market, the BSE largecap index saw a robust rise of 1.01%, the midcap gauge gained 0.14%, and the smallcap index advanced marginally by 0.12%.

Sector-wise, utilities surged the highest at 6.54%, followed by power rising by 6.09%. Other sectors showing positive movements included services (3.93%), commodities (2.04%), and oil & gas (1.84%). The Bankex rose by 1.21%, and energy inched up by 1.17%.

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