New Delhi: The combined market capitalization of BSE-listed companies reached the historic USD 5 trillion mark for the first time at the close of trading on Wednesday amid an optimistic trend in equities.
The 30-share Sensex closed at 74,221.06, up 267.75 points or 0.36 per cent. During the day it rose 354.48 points or 0.47 percent to 74,307.79.
At the end of trade, the market capitalization of BSE-listed companies stood at Rs 4,15,94,033.72 crore (US$5 trillion) – an all-time high.
Investors' wealth increased for the ninth consecutive trading session on Wednesday.Investors made a profit of Rs 22.59 lakh crore on Wednesday.
"Despite weak global cues, markets remained range-bound and positive for most of the trading session due to selective buying in IT, FMCG and real estate stocks," said Prashant Tapse, Senior VP (Research), Mehta Equities Ltd.
The combined market capitalization of BSE-listed companies reached the US$5 trillion milestone for the first time in intra-day trade on Tuesday. At the end of trading, the total valuation of exchange-listed companies stood at Rs 4,14,62,306.56 crore (USD 4.97 trillion), BSE data showed.
"Despite mixed global market sentiments ahead of US Fed minutes, India markets showed a subtle positive trend.Investors are optimistic about stable Q4 earnings and the easing of election jitters that had previously fueled volatility. Interest in FMCG sector has increased. “Early onset of monsoon,” said Vinod Nair, head of research at Geojit Finance Services.
The combined market valuation of all listed companies on BSE reached US$4 trillion for the first time on November 29 last year.
The M-cap of all listed companies on BSE touched the US$ 3 trillion mark on May 24, 2021.The total valuation of exchange-listed companies crossed the US$1 trillion mark on May 28, 2007.
The journey from US$1 trillion to US$1.5 trillion as on June 6, 2014 was covered in 2,566 days or just seven years.
The M-cap of listed companies reached US$2 trillion on July 10, 2017 – 1,130 days before the US$1.5 trillion level. It took ten years for the exchange to reach US$2 trillion in market capitalization from the US$1 trillion mark.
From there, it took 1,255 days to cross the US$2.5 trillion mark on December 16, 2020.So far this year, the BSE benchmark has gained 1,980.8 points or 2.74 per cent. It reached an all-time peak of 75,124.28 on April 9 this year.
Among Sensex companies, Hindustan Unilever, Reliance Industries, Infosys, Asia Paints, ITC and UltraTech Cement were the major gainers on Wednesday.
State Bank of India, JSW Steel, Axis Bank, ICICI Bank, Tata Steel and Tat Motors were among the laggards.
In the broader market, the BSE Smallcap gauge rose 0.18 per cent while the MidSEA index fell 0.05 per cent.Among the indices, realty (1.41 per cent), FMCG (1.26 per cent), IT (0.6 per cent), Utilities (0.59 per cent), Energy (0.58 per cent) and Healthcare (0.35 per cent) rose.
Commodities, financial services, banks and metals were the laggards.
The 30-share Sensex closed at 74,221.06, up 267.75 points or 0.36 per cent. During the day it rose 354.48 points or 0.47 percent to 74,307.79.
At the end of trade, the market capitalization of BSE-listed companies stood at Rs 4,15,94,033.72 crore (US$5 trillion) – an all-time high.
Investors' wealth increased for the ninth consecutive trading session on Wednesday.Investors made a profit of Rs 22.59 lakh crore on Wednesday.
"Despite weak global cues, markets remained range-bound and positive for most of the trading session due to selective buying in IT, FMCG and real estate stocks," said Prashant Tapse, Senior VP (Research), Mehta Equities Ltd.
The combined market capitalization of BSE-listed companies reached the US$5 trillion milestone for the first time in intra-day trade on Tuesday. At the end of trading, the total valuation of exchange-listed companies stood at Rs 4,14,62,306.56 crore (USD 4.97 trillion), BSE data showed.
"Despite mixed global market sentiments ahead of US Fed minutes, India markets showed a subtle positive trend.Investors are optimistic about stable Q4 earnings and the easing of election jitters that had previously fueled volatility. Interest in FMCG sector has increased. “Early onset of monsoon,” said Vinod Nair, head of research at Geojit Finance Services.
The combined market valuation of all listed companies on BSE reached US$4 trillion for the first time on November 29 last year.
The M-cap of all listed companies on BSE touched the US$ 3 trillion mark on May 24, 2021.The total valuation of exchange-listed companies crossed the US$1 trillion mark on May 28, 2007.
The journey from US$1 trillion to US$1.5 trillion as on June 6, 2014 was covered in 2,566 days or just seven years.
The M-cap of listed companies reached US$2 trillion on July 10, 2017 – 1,130 days before the US$1.5 trillion level. It took ten years for the exchange to reach US$2 trillion in market capitalization from the US$1 trillion mark.
From there, it took 1,255 days to cross the US$2.5 trillion mark on December 16, 2020.So far this year, the BSE benchmark has gained 1,980.8 points or 2.74 per cent. It reached an all-time peak of 75,124.28 on April 9 this year.
Among Sensex companies, Hindustan Unilever, Reliance Industries, Infosys, Asia Paints, ITC and UltraTech Cement were the major gainers on Wednesday.
State Bank of India, JSW Steel, Axis Bank, ICICI Bank, Tata Steel and Tat Motors were among the laggards.
In the broader market, the BSE Smallcap gauge rose 0.18 per cent while the MidSEA index fell 0.05 per cent.Among the indices, realty (1.41 per cent), FMCG (1.26 per cent), IT (0.6 per cent), Utilities (0.59 per cent), Energy (0.58 per cent) and Healthcare (0.35 per cent) rose.
Commodities, financial services, banks and metals were the laggards.
