The market capitalisation of BSE-listed firms hit a lifetime peak of Rs 301.70 lakh crore on Thursday, mirroring a positive trend in domestic equities, where benchmark index Sensex settled at a new record high. The 30-share BSE Sensex jumped 339.60 points or 0.52 per cent to settle at its new all-time closing high of 65,785.64. During the day, the benchmark rallied 386.94 points or 0.59 per cent to reach its lifetime intra-day peak of 65,832.98.
The market capitalisation (mcap) of BSE-listed firms reached an all-time peak of Rs 3,01,70,635.89 crore. The BSE benchmark jumped over 2,500 points in its record rally from June 26 to July 4.
The benchmark index had dipped 33.01 points or 0.05 per cent to settle at 65,446.04 on Wednesday, taking a breather from the record rally.
The mcap of BSE-listed firms had reached Rs 299.90 lakh crore on Wednesday. Investors’ wealth climbed Rs 1.80 lakh crore on Thursday helped by a rally in equities.
BSE firms’ mcap reached the historic Rs 200 lakh crore-mark on February 4, 2021. The total market valuation of all listed firms at the BSE had first hit Rs 100 lakh crore level on November 28, 2014.
Meanwhile, from the Sensex pack, Mahindra & Mahindra emerged as the biggest gainer on Thursday, climbing nearly 5 per cent. Power Grid, Tata Motors, Reliance Industries, NTPC, Axis Bank, Nestle, Kotak Mahindra Bank, Asian Paints and Wipro were among the other major gainers.