BSE listed Units M-Cap surpasses Rs 400 lakh crore
This is the first time that the market capitalization of BSE-listed companies has surpassed the Rs 400 lakh crore milestone.
![BSE listed Units M-Cap surpasses Rs 400 lakh crore](https://www.psuconnect.in/sdsdsd/BSE.jpg)
The market capitalization of companies listed on the Bombay Stock Exchange (BSE) has reached an all-time high of Rs 401.10 lakh crore, attributed to a record-breaking rally in the stock market.
This is the first time that the market capitalization of BSE-listed companies has surpassed the Rs 400 lakh crore milestone. In early trade, the 30-share BSE Sensex benchmark reached a new record high of 74,673.84, jumping 425.62 points.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe surge in equities has pushed the market capitalization of BSE-listed companies to a historic peak of Rs 4,01,16,018.89 crore (equivalent to USD 4.81 trillion). This comes after the market capitalization of BSE-listed firms crossed the Rs 300-lakh-crore milestone in July of the previous year.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits
The highest profit intakers from the Sensex basket were Mahindra & Mahindra, Maruti, Tata Steel, Bajaj Finserv, Power Grid, Reliance Industries, Axis Bank, and JSW Steel. Wipro, Nestle, HDFC Bank, and Bajaj Finance were among the laggards. According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,659.27 crore on Friday. The global oil benchmark, Brent crude, declined 1.36 percent to USD 89.93 a barrel.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh