New Delhi, Market capitalization of BSE-listed companies hit an all-time high of Rs 4,43,05,344.36 crore on Monday, driven by a rally in equities, with the benchmark Sensex ending at a new high historical.
The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a fresh closing high of 79,476.19. During the day, it rose 528.27 points or 0.66 percent to 79,561.
The market capitalization of companies listed on the BSE hit a new record of Rs 4,43,05,344.36 crore ($5.31 trillion) amid an upbeat trend in stocks.
"The domestic market maintained its bullish momentum, with a reduction in US PCE inflation raising hopes of a rate cut by the Federal Reserve in September. This optimism contributed to the strong performance of IT stocks" , Vinod Nair, Head of Research, Geojit Financial. Services, he said.
Among the Sensex group, Tech Mahindra, Bajaj Finance, UltraTech Cement, Tata Consultancy Services, Infosys, JSW Steel, HDFC Bank, Tata Motors, Hindustan Unilever and ICICI Bank were the top gainers.
NTPC, State Bank of India, Larsen & Toubro, IndusInd Bank and Bajaj Finserv were among the laggards.
In the broader market, the BSE small-cap gauge rose 1.58 per cent and the mid-cap index rose 1.11 per cent. Both small-cap and mid-cap indices hit all-time highs.
Among the indices, IT soared 1.84 percent, teck jumped 1.46 percent, raw materials (1.21 percent), telecommunications 1.03 percent, industrials (0.95 percent) and metals (0.73 percent). Utilities, energy and real estate were the laggards.
In total, 2,656 stocks rose, while 1,346 fell and 144 remained unchanged.
Last week, the BSE benchmark index jumped 1,822.83 points or 2.36 per cent, and the Nifty rose 509.5 points or 2.16 per cent.
The Sensex recorded the biggest monthly gain in June by rising 7.14 per cent.
The Sensex crossed the all-time mark of 79,000 on Thursday and the Nifty touched the 24,000 level for the first time in intraday trade.
The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a fresh closing high of 79,476.19. During the day, it rose 528.27 points or 0.66 percent to 79,561.
The market capitalization of companies listed on the BSE hit a new record of Rs 4,43,05,344.36 crore ($5.31 trillion) amid an upbeat trend in stocks.
"The domestic market maintained its bullish momentum, with a reduction in US PCE inflation raising hopes of a rate cut by the Federal Reserve in September. This optimism contributed to the strong performance of IT stocks" , Vinod Nair, Head of Research, Geojit Financial. Services, he said.
Among the Sensex group, Tech Mahindra, Bajaj Finance, UltraTech Cement, Tata Consultancy Services, Infosys, JSW Steel, HDFC Bank, Tata Motors, Hindustan Unilever and ICICI Bank were the top gainers.
NTPC, State Bank of India, Larsen & Toubro, IndusInd Bank and Bajaj Finserv were among the laggards.
In the broader market, the BSE small-cap gauge rose 1.58 per cent and the mid-cap index rose 1.11 per cent. Both small-cap and mid-cap indices hit all-time highs.
Among the indices, IT soared 1.84 percent, teck jumped 1.46 percent, raw materials (1.21 percent), telecommunications 1.03 percent, industrials (0.95 percent) and metals (0.73 percent). Utilities, energy and real estate were the laggards.
In total, 2,656 stocks rose, while 1,346 fell and 144 remained unchanged.
Last week, the BSE benchmark index jumped 1,822.83 points or 2.36 per cent, and the Nifty rose 509.5 points or 2.16 per cent.
The Sensex recorded the biggest monthly gain in June by rising 7.14 per cent.
The Sensex crossed the all-time mark of 79,000 on Thursday and the Nifty touched the 24,000 level for the first time in intraday trade.
