New Delhi, The market capitalization of BSE-listed companies soared to a new all-time high of Rs 452.38 lakh crore on Friday, and investors' wealth rose by Rs 1.17 lakh crore, amid a stock rally in which the Sensex hit its new all-time high. .
The 30-share BSE Sensex jumped 622 points or 0.78 per cent to settle at a fresh closing high of 80,519.34. During the day, it rose 996.17 points or 1.24 percent to reach an all-time high of 80,893.51.
Thanks to the optimism in stocks, the market capitalization (mcap) of companies listed on the BSE reached a record high of Rs 4,52,38,553.68 crore ($5.42 trillion).
Investors' wealth also increased by Rs 1.17 lakh crore.
"Markets were encouraged by TCS' first quarter results, which triggered a massive rally in other IT stocks and took Sensex close to the 81,000 mark in early trade," said Prashanth Tapse, senior vice president (research). by Mehta Equities Ltd.
Among the Sensex pack, Tata Consultancy Services rose nearly 7 per cent after the country's largest IT services player reported 8.7 per cent growth for June quarter net profit of Rs 12,040 crore.
Infosys, HCL Technologies, Tech Mahindra, Axis Bank, JSW Steel, Reliance Industries, Bajaj Finance and Larsen & Toubro were the other big winners.
Maruti, Asian Paints, Kotak Mahindra Bank and ICICI Bank were among the laggards.
Among the indices, IT rose 4.32 percent, Teck rose 3.29 percent, energy (0.13 percent), Bankex (0.10 percent) and services (0.06 percent).
By contrast, the real estate, energy, metals, utilities, automotive, industrial and consumer discretionary sectors were among the laggards.
On a weekly basis, the BSE benchmark Sensex jumped 522.74 points or 0.65 per cent, while the Nifty rose 178.3 points or 0.73 per cent.
"We expect this momentum to continue supported by the expectation of healthy quarterly results, hope of a rate cut and a pre-Budget rally," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
The 30-share BSE Sensex jumped 622 points or 0.78 per cent to settle at a fresh closing high of 80,519.34. During the day, it rose 996.17 points or 1.24 percent to reach an all-time high of 80,893.51.
Thanks to the optimism in stocks, the market capitalization (mcap) of companies listed on the BSE reached a record high of Rs 4,52,38,553.68 crore ($5.42 trillion).
Investors' wealth also increased by Rs 1.17 lakh crore.
"Markets were encouraged by TCS' first quarter results, which triggered a massive rally in other IT stocks and took Sensex close to the 81,000 mark in early trade," said Prashanth Tapse, senior vice president (research). by Mehta Equities Ltd.
Among the Sensex pack, Tata Consultancy Services rose nearly 7 per cent after the country's largest IT services player reported 8.7 per cent growth for June quarter net profit of Rs 12,040 crore.
Infosys, HCL Technologies, Tech Mahindra, Axis Bank, JSW Steel, Reliance Industries, Bajaj Finance and Larsen & Toubro were the other big winners.
Maruti, Asian Paints, Kotak Mahindra Bank and ICICI Bank were among the laggards.
Among the indices, IT rose 4.32 percent, Teck rose 3.29 percent, energy (0.13 percent), Bankex (0.10 percent) and services (0.06 percent).
By contrast, the real estate, energy, metals, utilities, automotive, industrial and consumer discretionary sectors were among the laggards.
On a weekly basis, the BSE benchmark Sensex jumped 522.74 points or 0.65 per cent, while the Nifty rose 178.3 points or 0.73 per cent.
"We expect this momentum to continue supported by the expectation of healthy quarterly results, hope of a rate cut and a pre-Budget rally," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
