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BSE-listed firms’ market valuation touch record high of Rs 337.67 trillion
The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 337.67 lakh crore (USD 4 trillion) on Friday amid a rally in equities, mainly on account of favourable macroeconomic data and continuous foreign fund inflows.
Rising for the fourth straight day, the 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19 points. During the day, it rallied 575.89 points or 0.85 per cent to 67,564.33 points.
In four days, the benchmark index has surged 1,511.15 points or 2.29 per cent.
Amid the optimistic trend in equities, the market capitalisation of BSE-listed firms soared to Rs 337.67 lakh crore, translating to USD 4 trillion at the exchange rate of 83.30.
In four days of the market rally, investors' wealth have gone up by Rs 8.95 lakh crore.
The combined market valuation of all listed companies on the BSE reached the USD 4 trillion-milestone for the first time ever on Wednesday.
The 30-share benchmark hit its all-time peak of 67,927.2