Following a record-breaking stocks surge that saw the 30-share BSE Sensex hit its lifetime top, the market capitalization of BSE-listed businesses achieved an all-time high of Rs 401.10 trillion on Monday morning.
The market capitalization of firms listed on the BSE has crossed the coveted Rs 400 trillion threshold for the first time ever. In early trading, the 30-share BSE benchmark increased by 425.62 points to hit a new all-time high of 74,673.84.
The market capitalization (mcap) of BSE-listed businesses hit an all-time high of Rs 4,01,16,018.89 crore ($ 4.81 trillion) as a result of the stock market surge.
In July of last year, the market capitalization of companies listed on the BSE crossed the Rs 300 trillion threshold.
The biggest gainers from the Sensex basket were Maruti, JSW Steel, Tata Steel, Bajaj Finserv, Power Grid, Reliance Industries, and Axis Bank.
Among the laggards were Wipro, Nestle, HDFC Bank, and Bajaj Finance. Shanghai and Hong Kong quoted down, but Seoul and Tokyo were trading in positive territory in the Asian markets.
On Friday, Wall Street concluded the day higher.
According to exchange statistics, foreign institutional investors (FIIs) purchased stocks on Friday for a total of Rs 1,659.27 crore. The benchmark for world oil, Brent crude, dropped 1.36 percent to $89.93 a barrel.
