New Delhi, The market capitalization of companies listed on the BSE on Tuesday hit a new all-time high of Rs 451.27 lakh crore on a day when the BSE Sensex hit a record closing level.
The 30-share BSE benchmark index rose 391.26 points or 0.49 per cent to settle at a fresh closing high of 80,351.64. During the day, it jumped 436.79 points, or 0.54 percent, to hit a new all-time high of 80,397.17.
The market capitalization of companies listed on the BSE reached an all-time high of Rs 4,51,27,853.30 crore ($5.41 trillion). Investors' wealth also increased by Rs 1.56 lakh crore on Tuesday.
"After consolidating in the last few days, markets recovered to hit new highs amid buying seen in index heavyweights," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Among Sensex constituents, Maruti Suzuki India jumped 6.60 per cent amid reports that the UP government has waived registration tax on hybrid cars as part of its initiative to promote eco-friendly vehicles in the state.
Mahindra & Mahindra, ITC, Sun Pharma, Titan, Tata Motors and Nestle were the other big winners.
Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.
Among the indices, automobile rose 2.17 percent, consumer durables (2.01 percent), real estate (1.23 percent), consumer discretionary (1.21 percent), healthcare (1 percent) and public services (0.76 percent).
Telecommunications, capital goods and teck were the laggards.
In total, 2,010 stocks rose, while 1,924 fell and 92 remained unchanged on the BSE.
Additionally, 320 stocks reached their upper limit of the circuit, while 242 companies reached the lower levels of the circuit.
"Both domestic and global factors continue to drive market momentum. Currently, consumer sectors such as FMCG and automobiles are leading the gains, driven by progress in monsoon and kharif sowing," Vinod said. Nair, Head of Research, Geojit Financial Services.
The 30-share BSE benchmark index rose 391.26 points or 0.49 per cent to settle at a fresh closing high of 80,351.64. During the day, it jumped 436.79 points, or 0.54 percent, to hit a new all-time high of 80,397.17.
The market capitalization of companies listed on the BSE reached an all-time high of Rs 4,51,27,853.30 crore ($5.41 trillion). Investors' wealth also increased by Rs 1.56 lakh crore on Tuesday.
"After consolidating in the last few days, markets recovered to hit new highs amid buying seen in index heavyweights," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Among Sensex constituents, Maruti Suzuki India jumped 6.60 per cent amid reports that the UP government has waived registration tax on hybrid cars as part of its initiative to promote eco-friendly vehicles in the state.
Mahindra & Mahindra, ITC, Sun Pharma, Titan, Tata Motors and Nestle were the other big winners.
Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.
Among the indices, automobile rose 2.17 percent, consumer durables (2.01 percent), real estate (1.23 percent), consumer discretionary (1.21 percent), healthcare (1 percent) and public services (0.76 percent).
Telecommunications, capital goods and teck were the laggards.
In total, 2,010 stocks rose, while 1,924 fell and 92 remained unchanged on the BSE.
Additionally, 320 stocks reached their upper limit of the circuit, while 242 companies reached the lower levels of the circuit.
"Both domestic and global factors continue to drive market momentum. Currently, consumer sectors such as FMCG and automobiles are leading the gains, driven by progress in monsoon and kharif sowing," Vinod said. Nair, Head of Research, Geojit Financial Services.
