BSE-listed cos’ mcap hits record high
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New Delhi: The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 293.51 lakh crore on Tuesday as the benchmark Sensex rebounded to settle in the positive territory.
The 30-share BSE benchmark advanced 159.40 points or 0.25 per cent to settle at 63,327.70. Fag-end buying helped the benchmark climb 271.89 points or 0.43 per cent to hit the day’s high at 63,440.19. The recovery in equities helped the market capitalisation (mcap) of BSE-listed firms reach an all-time high of Rs 2,93,51,462.45 crore at the end of the trade. The market capitalisation of BSE-listed firms reached a record of Rs 292.78 lakh crore on Friday last week.
“While most of the Asian markets ended laggards, last-hour buying in IT, metal, banking and power stocks helped Sensex regain the 63,000 level in a trading session marked with sharp intra-day volatility,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
It will not be a smooth one-way rally, with intermittent hiccups such as interest rate uncertainty, global economic slowdown and inflation woes likely to play spoilsport in the near to medium term, he added.
