The total market valuation of all listed companies on the BSE today touched a lifetime high of Rs 135.83 lakh crore helped by strong gains in the broader market where the key benchmark breached the 32,000-mark again. At close of trade today, market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,35,83,958 crore.
This was Rs 1,25,126.92 crore more than yesterday’s m-cap of Rs 1,34,58,831.08 crore. The BSE Sensex settled higher by 276.50 points, or 0.87 per cent, at 32,158.66. This is its highest closing since August 7 when it had ended at 32,273.67. The index had rallied 220.19 points in the previous three sessions. “Market has come out of the consolidation phase on account of continued uptrend in global market. Buying in metal and auto stocks with sign of improvement in demand added impetus to the market,” said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
A total of 25 stocks in the 30-share index gained, led by Tata Steel, Sun Pharma, Tata Motors and HUL. On the sectoral front, realty was the top gainer, followed by healthcare index, oil and gas and FMCG. At the BSE, 1,449 stocks advanced, while 1,158 declined and 151 remained unchanged.