Investors became richer by Rs 2.20 lakh crore on Monday and the market capitalisation of BSE-listed firms reached an all-time high of Rs 3.91 lakh crore as buoyant sentiment sustained the stock market rally for the fifth straight session.
The 30-share BSE Sensex benchmark climbed 281.52 points or 0.39 per cent to close at 72,708.16, while NSE Nifty ended at its all-time high of 22,122.25 points, up 81.55 points or 0.37 per cent from the previous close.
The market capitalisation (mcap) of BSE-listed companies went up Rs 2,19,581.56 crore to reach its all-time high of Rs 3,91,69,087.01 crore.
“BSE market cap touching a record high of around USD 4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market.
“The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual ..
| Subscribe To Our Free Newsletter |
