M-cap of BSE-listed firms at new record high of Rs 252.68 lakh cr

PTIUpdated: Thursday, September 02, 2021, 06:53 PM IST
article-image
Markets came back to winning ways after Wednesday's fall/ Representational image |

The market capitalisation of BSE-listed companies jumped to an all-time high of Rs 252.68 lakh crore on Thursday as indices closed at fresh peaks.

The 30-share BSE benchmark Sensex jumped 514.33 points or 0.90 per cent to close at 57,852.54, its lifetime high. During the day, it zoomed 554.16 points to 57,892.37.

Markets came back to winning ways after Wednesday's fall.

The improved sentiment helped the market capitalisation of BSE-listed companies jump to a record Rs 2,52,68,939.38 crore at close of trade.

Investors' wealth rose by Rs 2,53,612.77 crore.

"Markets were back in action after yesterday's small correction," said Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities.

TCS was the biggest gainer among the 30 frontline companies with a jump of 3.34 per cent, followed by Hindustan Unilever Limited, UltraTech Cement and Nestle India.

In contrast, M&M, Bajaj Auto, Bajaj Finserv and Bajaj Finance were among the laggards.

In the broader market, the BSE midcap and smallcap indices gained up to 0.93 per cent.

The market capitalisation of BSE-listed companies went past the Rs 250 lakh crore mark on August 31.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

No let-up in rupee depreciation; touches another lifetime low of 81.50 against US dollar

No let-up in rupee depreciation; touches another lifetime low of 81.50 against US dollar

Markets fall sharply in early trade; Sensex tumbles 817 points

Markets fall sharply in early trade; Sensex tumbles 817 points

IHH-Fortis deal in doubt after Supreme Court order

IHH-Fortis deal in doubt after Supreme Court order

FPIs pump in Rs 8,600-cr in September; pace of investment slows

FPIs pump in Rs 8,600-cr in September; pace of investment slows

Piramal, Zurich Insurance mull joint bid for Reliance General Insurance

Piramal, Zurich Insurance mull joint bid for Reliance General Insurance