The m-cap of BSE-listed companies climbed Rs 3,48,431.23 crore to hit an all-time high of Rs 2,40,23,280.14 crore. (representative image)
New Delhi: Investors’ wealth jumped Rs 3,48,431.23 crore as the market rally continued for the second consecutive session on Friday, with the BSE Sensex closing above the 55,000-mark for the first time.
The 30-share BSE benchmark ended 593.31 points or 1.08 per cent higher at 55,437.29. During the day, it jumped 643.81 points from its intra-day lifetime record 55,487.79.
On Thursday, the benchmark closed with a gain of 318.05 points or 0.58 percent.
After a two-day rally in equities, the market capitalization of BSE-listed companies climbed Rs 3,48,431.23 crore to reach their all-time high of Rs 2,40,23,280.14 crore.
“Enthusiastic retail participation has enabled the market to reach higher levels. Furthermore, the rally has found global support with the Dow and S&P 500 setting new records.
“A healthy feature of today’s rally is that it is led by high-quality blue-chips across performing sectors such as IT, financials and telecom,” said VK Vijayakumar, chief investment strategist, Geojit Financial Services.
TCS was the biggest gainer in the 30-share pack, jumping 3.22 per cent, followed by L&T, Bharti Airtel, HCL Tech, Tata Steel, Reliance Industries, Bajaj Auto and HDFC Bank.
In contrast, POWERGRID, Dr Reddy’s, IndusInd Bank and Bajaj Finance were among the laggards.
In the broader market, BSE Midcap and Smallcap indices ended lower by 0.06 per cent.
Sectorally, BSE Telecom, Tech, Capital Goods and IT indices rose up to 1.80 per cent, while realty, healthcare and utilities ended in the red.
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