Millennium Post

NSE-listed firms’ market value crosses Rs 100 trillion

Boosted by a rally in stocks, total market valuation of listed companies at the National Stock Exchange (NSE) hit the Rs 100 trillion-mark on Wednesday. The market capitalisation (m-cap) of NSE listed firms rose to Rs 100.2 trillion at the end of trade. The 50-share Nifty hit a historic high of 8,741.85. The 50-share index also registered all-time closing high of 8,729.50, a gain of 33.90 points or 0.39 per cent.

“Extending their northward journey for fifth day in a row, the key benchmark indices gained close to half a per cent. Initially, firm global cues helped index to open on positive note which later followed by a range bound session till the end,” said Jayant Manglik, President-retail distribution, Religare Securities Limited. At the Nifty, 27 stocks advanced, while 23 declined.

HUL was the biggest gainer with 5.34 per cent rise, while ITC with a loss of 5.15 per cent was the biggest loser at the Nifty. Bonanza Portfolio Senior Vice-President Rakesh Goyal said the crucial Budget date announcement was also a market mover. Scaling a similar peak, the total market valuation of all listed firms at the BSE had hit a record high of Rs 100 trillion in November last year.

At present, the total market cap of BSE listed firms stands at Rs 1,02,56,540 crore.

Meanwhile, rising for the fifth day in a row, benchmark the BSE Sensex on Wednesday set a life-time high of 28,958 points and NSE Nifty recorded a historic 8,741 points as overall macro outlook and optimism over forthcoming budget continue to buoy investor sentiment. The Sensex ended the day's trade at a record 28,888.86, up by 104.19 points or 0.36 per cent from its previous close. 
PTI

PTI

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