M-cap of BSE-listed firms soars to Rs 130 lakh cr
Press Trust of India, New Delhi, Jul 12 2017, 0:39 IST
Image for representation.
Total market valuation of all listed companies on the BSE touched a record high of Rs 130 lakh crore on Tuesday as stocks rallied, but slipped below this level on late sell-off.
In the afternoon trade, market capitalisation (m-cap) of BSE-listed companies rose to Rs 1,30,13,277 crore (over $2 trillion), helped by strong gains in the broader market.
However, at close of trade, the m-cap stood at Rs 1,29,29,787 crore. There are over 5,200 companies listed on the BSE, of which over 2,878 are traded actively. The BSE 30-share Sensex touched lifetime high of 31,885.11, but closed at 31,747.09, up just 31.45 points.
Similarly, the broader NSE Nifty zoomed past the 9,800- mark for the first time to all-time high of 9,830.05 but failed to maintain the level on late sell-off. It settled at 9,786.05, up 15 points, or 0.15%.
“Market touched new high as continued buying by domestic investors in expectation of revival in FY18 earnings despite some volatility in the first quarter. But the pace was not sustained in view of US Fed’s testimony tomorrow,” said Vinod Nair, Head of Research, Geojit Financial Services.
The total market valuation of all listed firms on the BSE had first hit Rs 100 lakh crore level on November 28, 2014.
Of the Sensex firms, 16 ended with gains led by Bajaj Auto, Tata Motors and NTPC. Among sectoral indices, IT rose the most by surging 0.91%, followed by auto index 0.80%.
In the afternoon trade, market capitalisation (m-cap) of BSE-listed companies rose to Rs 1,30,13,277 crore (over $2 trillion), helped by strong gains in the broader market.
However, at close of trade, the m-cap stood at Rs 1,29,29,787 crore. There are over 5,200 companies listed on the BSE, of which over 2,878 are traded actively. The BSE 30-share Sensex touched lifetime high of 31,885.11, but closed at 31,747.09, up just 31.45 points.
Similarly, the broader NSE Nifty zoomed past the 9,800- mark for the first time to all-time high of 9,830.05 but failed to maintain the level on late sell-off. It settled at 9,786.05, up 15 points, or 0.15%.
“Market touched new high as continued buying by domestic investors in expectation of revival in FY18 earnings despite some volatility in the first quarter. But the pace was not sustained in view of US Fed’s testimony tomorrow,” said Vinod Nair, Head of Research, Geojit Financial Services.
The total market valuation of all listed firms on the BSE had first hit Rs 100 lakh crore level on November 28, 2014.
Of the Sensex firms, 16 ended with gains led by Bajaj Auto, Tata Motors and NTPC. Among sectoral indices, IT rose the most by surging 0.91%, followed by auto index 0.80%.
