BSE-listed companies’ market value at record high
Reuters | Photo Credit: Reuters

Boosted by a strong stock market show today, the total market capitalisation (m-cap) of BSE-listed companies surged to an all-time high of Rs 110.7 lakh crore (USD 1.64 trillion).

Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.

The BSE benchmark Sensex soared 440.35 points to end at 28,343.01 today. The index touched its 52-week high of 28,478.02 in intra-day trade.

"Renewed buying interest from FIIs helped benchmark indices to break free from the excruciating range seen all through August, and this seemed to have attracted further participation from those waiting for a clearer signal," said Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services Ltd.

TCS is the most valued Indian firm with a market valuation of Rs 5,02,202.97 crore, followed by Reliance Industries Ltd (Rs 3,45,650.10 crore), HDFC Bank (Rs 3,22,240.25 crore), ITC (Rs 3,11,383.66 crore) and Infosys (Rs 2,39,111.94 crore).

Among the 30 Sensex companies, 29 scrips ended higher, led by Asian Paints and Bajaj Auto. Bharti Airtel fell by 2.82 per cent.

BSE is among the world's 10 largest exchanges in terms of market value, while it is the biggest in terms of number of firms listed on its platform.

Over 2,900 companies trade on BSE. On the exchange, 1,638 scrips advanced, while 1,073 declined and 216 remained unchanged.

Sensex, Nifty jump

In line with strong global markets, the BSE benchmark Sensex rallied over 440 points to close at an over 13-month high of 28,343.01 and the broader NSE Nifty hit 16-month highs by going past the crucial 8,700-mark, as gains were seen across the board.

Trading in the green throughout the day, the benchmark BSE Sensex added 440.35 points, or 1.58 per cent, to end at 28,343.01, a highest closing since July 23, 2015. It hovered between 28,478.02 and 28,010.66. The gauge had gained 120.41 points in yesterday's session.

This is the biggest single-session gain since July 11, 2016 when it had gained 499.79 points.

Investor sentiment also got a shot in the arm after positive corporate earnings, brokers said.

The broader NSE Nifty retook the key 8,700-mark and hit a high of 8,750.60 before settling up by 136.90 points, or 1.59 per cent, at 8,744.35, its highest closing since April 15, 2015 when it had closed at 8,750.20.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 286.52 crore yesterday, as per provisional data.

Automaker stocks stole the show as investors were seen widening their bets on hopes of a sales rebound with Bajaj Auto, Maruti Suzuki, Hero MotoCorp, Tata Motors and M&M soaring by up to 3.09 per cent, helping the key indices to regain their crucial levels.

Most Asian markets remained firm, with Hong Kong's Hang Seng rising 0.85 per cent. Shanghai Composite Index up 0.15 per cent, while Singapore rose 0.06 per cent. Japan's Nikkei, however, ended a shade lower.

European indices advanced in early trade amid increasing confidence in the global economy. The Frankfurt's DAX 30 added 1.10 per cent and Paris CAC gained 0.93 per cent, while London's FTSE was up 0.04 per cent.

Other major gainers were Asian Paints, GAIL, HDFC Bank, ICICI Bank, Wipro, Hindustan Unilever, Sun Pharma, Lupin, TCS, ONGC, Infosys, ITC Ltd, Cipla, Power Grid, NTPC and Dr Reddy's.

However, Bharti Airtel emerged as the only loser with a fall of 2.82 per cent to Rs 332.10.

As many as 29 scrips out of the 30-share Sensex pack ended higher.

Broader markets too were in a bullish form, with the small-cap and mid-cap firming up 1.02 per cent and 0.80 per cent, respectively, after investors raised their bets.

Among the BSE sectoral indices, auto rose the most by 1.81 per cent followed by IT 1.77 per cent, bankex by 1.49 per cent, FMCG 1.41 per cent, healthcare 1.39 per cent, teck by 1.29 per cent, PSU by 1.25 per cent, oil&gas 1.14 and realty 0.97 per cent.

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