MCAP of BSE-listed companies reaches record Rs 404L cr

Thanks to a five-day rise in benchmark indexes, the market capitalization of BSE-listed businesses surged to a lifetime high of Rs 404.18 lakh crore on Thursday, resulting in an increase in investor wealth of Rs 11.29 lakh crore.

The 30-share BSE Sensex gained 486.50 points, or 0.66 percent, to close at 74,339.44 on Thursday, recovering from an early sell-off. It increased 718.31 points, or 0.97 percent, to 74,571.25 throughout the day.

The BSE benchmark increased 1,850.45 points during the previous five trading sessions. In the last five days, investors’ wealth has increased by Rs 11,29,363.01 crore, hitting a new high of Rs 4,04,18,411.32 crore ($4.87 trillion) on Thursday.

On the monthly F&O expiration day, when benchmark indexes rose for a fifth consecutive session driven by advances in metal and frontline banking companies, investors increased their optimistic wagers. Local investors were unfazed by the steep decline in US Dow Futures as well as other European and Asian indexes.