The market capitalisation of BSE-listed firms hit a record high of Rs 447.30 lakh crore on Thursday with the benchmark Sensex closing at a fresh all-time high level.
The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors and settled 62.87 points or 0.08 per cent higher at 80,049.67.
The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,47,30,452.99 crore (USD 5.36 trillion).
Of the total 4,021 traded stocks, 2,185 stocks advanced while 1,742 declined and 94 remained unchanged on the BSE.
“Indian stock markets opened higher on Thursday, extending their record-breaking rally amid expectations that the Federal Reserve could begin lowering borrowing costs sooner following weak US economic data.
“Despite an initial surge, benchmark equity indices ended the day largely unchanged from Wednesday’s close, as gains in technology shares were offset b
Posts in category Business Standard
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Bulls charge: Sensex closes above 80,000 mark as FII funds fuel market rally (04-07-2024)
Domestic markets continued their winning streak for a second day, mirroring positive vibes across Asia. The session started with a bang, echoing the bullish sentiment from the region. While some profit taking emerged at higher levels, leading the benchmarks to settle near flat line with minimal gains. This volatility can be partly attributed to the expiry of weekly index options on the NSE. However, the key takeaway remains impressive – both Sensex and Nifty scaled new highs, comfortably closing above 80,000 and 24,300 respectively. Pharma, healthcare, and IT sectors led the charge. Looking ahead, strong buying from FIIs and a favorable US bond yield environment suggest the bullish trend could persist, despite potential short-term corrections.
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