New Delhi: The combined market capitalization of BSE-listed companies hit a new record of Rs 431.67 lakh crore on Thursday, even as the benchmark Sensex hit its new lifetime high.
Rising for the second straight day, the 30-share BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. Later it closed at a new record level of 76,810.90 with a gain of 204.33 points or 0.27 percent.
Following the rally in equities, the market capitalization of BSE-listed companies reached an all-time high of Rs 4,31,67,541.81 crore (US$5.17 trillion). Investors' wealth has increased by Rs 4.72 lakh crore in two days.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Domestic equity benchmarks traded with modest gains, with domestic CPI data indicating inflation is on track to slow down.,
According to government data released, retail inflation continued to decline in May due to a marginal decline in food prices and touched a one-year low of 4.75 per cent and remained within the Reserve Bank's comfort zone of below 6 per cent. Wednesday.
Among the 30 Sensex companies, Mahindra & Mahindra, Titan, Larsen & Toubro, IndusInd Bank, Tech Mahindra, UltraTech Cement, Wipro, Tata Consultancy Services, Bajaj Finance and Nestle were the biggest gainers.
On the other hand, Hindustan Unilever, Power Grid, Axis Bank, Bharti Airtel, ICICI Bank and ITC were among the laggards.
In the broader market, the BSE smallcap gauge rose 0.89 per cent and the midcap index rose 0.79 per cent.Among the indices, realty rose 2.15 per cent, capital goods (2.05 per cent), industrials (1.67 per cent), IT (1.08 per cent) and consumer discretionary (0.88 per cent).
In contrast, Telecom, Bankex and Metals were laggards.
A total of 2,345 shares advanced, 1,539 shares declined and 100 shares remained unchanged on the BSE.
Federal Reserve officials said Wednesday that inflation has fallen to their target level in recent months, but signaled they expect to cut their benchmark interest rate only once this year.
Policymakers' forecast of a rate cut was lower than the previous three, possibly because inflation, despite declining over the past two months, remains stubbornly high.
Rising for the second straight day, the 30-share BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. Later it closed at a new record level of 76,810.90 with a gain of 204.33 points or 0.27 percent.
Following the rally in equities, the market capitalization of BSE-listed companies reached an all-time high of Rs 4,31,67,541.81 crore (US$5.17 trillion). Investors' wealth has increased by Rs 4.72 lakh crore in two days.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Domestic equity benchmarks traded with modest gains, with domestic CPI data indicating inflation is on track to slow down.,
According to government data released, retail inflation continued to decline in May due to a marginal decline in food prices and touched a one-year low of 4.75 per cent and remained within the Reserve Bank's comfort zone of below 6 per cent. Wednesday.
Among the 30 Sensex companies, Mahindra & Mahindra, Titan, Larsen & Toubro, IndusInd Bank, Tech Mahindra, UltraTech Cement, Wipro, Tata Consultancy Services, Bajaj Finance and Nestle were the biggest gainers.
On the other hand, Hindustan Unilever, Power Grid, Axis Bank, Bharti Airtel, ICICI Bank and ITC were among the laggards.
In the broader market, the BSE smallcap gauge rose 0.89 per cent and the midcap index rose 0.79 per cent.Among the indices, realty rose 2.15 per cent, capital goods (2.05 per cent), industrials (1.67 per cent), IT (1.08 per cent) and consumer discretionary (0.88 per cent).
In contrast, Telecom, Bankex and Metals were laggards.
A total of 2,345 shares advanced, 1,539 shares declined and 100 shares remained unchanged on the BSE.
Federal Reserve officials said Wednesday that inflation has fallen to their target level in recent months, but signaled they expect to cut their benchmark interest rate only once this year.
Policymakers' forecast of a rate cut was lower than the previous three, possibly because inflation, despite declining over the past two months, remains stubbornly high.
