New Delhi: The market capitalization of BSE-listed companies hit a record high of Rs 2,40,04,664.28 crore on Tuesday, driven by a rally in stocks, with the benchmark Sensex also touching its lifetime peak of 53,887.98 points. Was.
On Tuesday, the 30-share index of BSE closed at a fresh closing peak of 53,823.36 points, up 872.73 points or 1.65 per cent, for the second consecutive day on Tuesday. It rose 937.35 points to 53,887.98 during the day.
Investors’ wealth has increased by Rs 4,54,915.38 crore since Friday’s shutdown.
The Sensex had gained 363.79 points or 0.69 per cent in the previous session.
From the pack of 30-share frontline companies, Titan was the biggest gainer, jumping nearly 4 per cent, followed by HDFC, Nestle India Ltd, IndusInd Bank, UltraTech Cement, Bharti Airtel and State Bank of India. Other giants like Infosys and TCS also added to the market rally.
In the list of most valuable companies in the country by market capitalization, Reliance Industries Limited leads the chart with a valuation of Rs 13,22,978.38 crore, followed by Tata Consultancy Services with a market valuation of Rs 12,14,823.96 crore.
HDFC Bank is at the third position with a market valuation of Rs 7,93,554.87 crore, followed by Infosys (Rs 7,04,495.38 crore), Hindustan Unilever Limited (Rs 5,60,905.60 crore), ICICI Bank (Rs 4,77,940.19 crore). HDFC (Rs 4,61,179.43 crore), State Bank of India (Rs 3,98,439.28 crore), Bajaj Finance (Rs 3,81,975.63 crore) and Kotak Mahindra Bank (Rs 3,34,417.92 crore).
ICICI Bank has overtaken HDFC to become the second most valuable financial firm by market capitalization after HDFC Bank.
According to Gaurav Garg, Head of Research, Capital Via Global Research Ltd, the sentiment in the Indian market was positive as GST collections picked up and the manufacturing sector got a boost and the month of July recorded the strongest rate of growth amid the easing of Covid restrictions. . .
Sneha Poddar, AVP – Research, Broking & Distribution, Motilal Oswal Financial Services Ltd, said, “The market was in fact provided Q1 FY22 earnings report, which started on a very healthy note despite the COVID 2.0 impact.”
In the broader market, the BSE Midcap and Smallcap indices ended with gains of up to 0.23 per cent.
Binod Modi, Head Strategy, Reliance Securities, said domestic equities extended gains and registered new highs. “Notably, key economic indicators such as GST collections, auto sales volume and other high frequency indicators like e-way bills indicate a strong rebound in July, which augurs well and continued healthy growth in subsequent quarters. Indicates corporate income,” he said.
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