New Delhi: The market capitalization of BSE-listed companies hit a record high of Rs 447.30 lakh crore on Thursday as the benchmark Sensex closed at a new all-time high.
The 30-share BSE Sensex hit an intraday record high of 80,392.64 in early trade. Later, the index lost most of its gains due to volatility and profit-taking by investors and closed 62.87 points or 0.08 per cent higher at 80,049.67.
The market capitalization (mcap) of BSE-listed companies reached a record peak of Rs 4,47,30,452.99 crore (US$5.36 trillion).
Of the total 4,021 shares traded on BSE, 2,185 shares advanced, while 1,742 declined and 94 shares remained unchanged.
"Indian stock markets opened higher on Thursday, continuing their record-breaking rally amid hopes that the Federal Reserve may soon start reducing borrowing costs following weak US economic data.
"Despite early bounce, benchmark equity indices remained largely unchanged from Wednesday's close as gains in technology stocks were offset by losses in HDFC Bank," said Avadhoot Bagkar, Technical and Derivatives Analyst at Stoxbox.
Overall, the market and momentum remained positive. Baghkar said that in terms of sectors, pharma, healthcare and IT were the biggest gainers compared to their peers.
In the broader market, the BSE smallcap gauge jumped 0.62 per cent and the midcap index climbed 0.60 per cent.
Benchmark BSE Sensex breached the historic 80,000 mark intraday for the first time, while Nifty gained over 162 points to close at a new high of 24,286.50 on Wednesday.
The 30-share BSE Sensex hit an intraday record high of 80,392.64 in early trade. Later, the index lost most of its gains due to volatility and profit-taking by investors and closed 62.87 points or 0.08 per cent higher at 80,049.67.
The market capitalization (mcap) of BSE-listed companies reached a record peak of Rs 4,47,30,452.99 crore (US$5.36 trillion).
Of the total 4,021 shares traded on BSE, 2,185 shares advanced, while 1,742 declined and 94 shares remained unchanged.
"Indian stock markets opened higher on Thursday, continuing their record-breaking rally amid hopes that the Federal Reserve may soon start reducing borrowing costs following weak US economic data.
"Despite early bounce, benchmark equity indices remained largely unchanged from Wednesday's close as gains in technology stocks were offset by losses in HDFC Bank," said Avadhoot Bagkar, Technical and Derivatives Analyst at Stoxbox.
Overall, the market and momentum remained positive. Baghkar said that in terms of sectors, pharma, healthcare and IT were the biggest gainers compared to their peers.
In the broader market, the BSE smallcap gauge jumped 0.62 per cent and the midcap index climbed 0.60 per cent.
Benchmark BSE Sensex breached the historic 80,000 mark intraday for the first time, while Nifty gained over 162 points to close at a new high of 24,286.50 on Wednesday.
