Investor wealth increased by Rs 2.20 lakh crore as the BSE m-cap reached an all-time high of Rs 3.91 lakh crore
NEW DELHI: On Monday, the market capitalization of companies listed on the BSE climbed by Rs 2,19,581.56 crore, reaching an all-time high of 3.91 lakh crore, increasing the wealth of investors by Rs 2.20 lakh crore. For the sixth straight day, the positive outlook kept the stock market rising.
The BSE Sensex closed at 72,708.16, up 281.52 points, or 0.39 percent. Nifty, on the other hand, closed at an all-time high of 22,122.25 points, up 0.37 percent, or 81.55 points, from the previous closing.
The strength and market momentum of the continuing bull run are reflected in the record-high BSE market valuation of over $4.7 trillion, according to V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Despite worries about high valuations, he thinks the bull run is unlikely to end very soon, as seen by the Buffet Ratio of over 120 percent. The surge is attributed to significant inflows from DIIs and domestic private investors.
Top losses among Sensex equities included L&T, Wipro, IndusInd Bank, TCS, and Tata Motors, while notable winners were Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle.
The BSE SmallCap increased by 0.77 percent, while the BSE Midcap increased by 0.29 percent in the overall market. There was also a 0.35 percent gain on the BSE largecap.
The BSE indexes for services, FMCG, consumer durables, utilities, and telecom all saw increases in terms of the sector. But there were losses in the IT, Realty, Capital Goods, and BSE Metal indexes.
Investor optimism persisted as the Sensex and Nifty closed higher for the sixth straight day, with gains of around 2.3 percent.
