The combined market capitalisation of BSE-listed firms hit a fresh record of Rs 431.67 lakh crore on Thursday when the benchmark Sensex also reached its new lifetime high level.
Rising for the second day in a row, the 30-share BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. It later ended at a fresh record high at 76,810.90, up 204.33 points or 0.27 per cent.
Tracking the rally in equities, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 4,31,67,541.81 crore (USD 5.17 trillion). In two days, investors’ wealth has risen by Rs 4.72 lakh crore.
“The domestic equity benchmark traded with a modest gain, with domestic CPI data indicating that inflation is on a slow track of decline,” said Vinod Nair, Head of Research, Geojit Financial Services.
Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reser
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