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M-cap soars to life high of Rupees 131 lakh crore
Total market valuation of all listed companies on the BSE surged to a record high of over Rs 131 lakh crore on Wednesday as upbeat sentiment renewed buying support in the broader market. At the close of session, the market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,31,26,644 crore (over $2 trillion).
New Delhi : Total market valuation of all listed companies on the BSE surged to a record high of over Rs 131 lakh crore on Wednesday as upbeat sentiment renewed buying support in the broader market. At the close of session, the market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,31,26,644 crore (over $2 trillion).
There are over 5,200 companies listed on the BSE, of which 2,853 are actively traded. As many as 112 stocks touched their 52-week highs on the bourse. Among sectoral indices, BSE metal rose the most by 1.95 per cent followed by healthcare 1.78 per cent.
“Market is recovering from Tuesday’s languid trading, while investors are likely to put focus on stock specifics to overcome the risk of premium valuation,” said Vinod Nair, Head of Research, Geojit Financial Services Ltd.At the BSE, 1,717 stocks advanced, while 985 declined and 151 remained unchanged.
