Mcap of BSE-listed firms hit new all-time high of ₹460 lakh crore

The market capitalisation of BSE-listed firms hit a new all-time high of ₹460 lakh crore on Tuesday, helped by a record-breaking rally in equities.

The 30-share BSE Sensex closed higher by 99.56 points or 0.12% at 81,455.40, its all-time closing high, with 16 of its components advancing and 14 ending lower. The index opened higher and jumped 459.43 points or 0.56% to hit an intra-day high of 81,815.27.

The NSE Nifty edged up 21.20 points or 0.09% to settle at an all-time closing high of 24,857.30. During the day, it surged 135.65 points or 0.54% to 24,971.75. The index hit a low of 24,798.65.

Thanks to the bull run in equities, the market capitalisation of BSE-listed firms surged to a lifetime high of ₹4,60,91,445.34 crore (USD 5.50 trillion).

In the last three sessions, investors' wealth jumped ₹3.98 lakh crore.

"Sustained capital flows into mutual funds and the retail investor enthusiasm will keep the market resilient. The elevated valuations continue to be a concern, particularly in the broader market. A healthy trend in the market now is that high-quality stocks with good earnings visibility are gaining strength on buying by institutions," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers.

Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.

In the broader market, the BSE smallcap gauge jumped 0.88%, and the midcap index climbed 0.27%. During the day, both indices hit their all-time high level.

Among the indices, Utilities surged by 1.97%, Power bounced by 1.49%, and Consumer durables rallied by 1.15%, (oil & gas by 0.73% and consumer discretionary by 0.72%).

On the other hand, FMCG, healthcare, IT and Teck were the laggards.

As many as 2,245 stocks advanced, while 1,667 declined and 111 remained unchanged.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth ₹2,474.54 crore on Monday.