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M-cap of BSE-listed cos soars to record Rs 130 lakh cr

Press Trust of India  |  New Delhi 

Total market valuation of all listed companies on touched a record high of Rs 130 lakh crore today as stocks rallied, but slipped below this level on late sell-off.

In the afternoon trade, market capitalisation (m-cap) of listed companies rose to Rs 1,30,13,277 crore (over USD 2 trillion), helped by strong gains in the broader market.

However, at close of trade, the m-cap stood at Rs 1,29,29,787 crore. There are over 5,200 companies listed on BSE, of which over 2,878 are traded actively.

The 30-share touched lifetime high of 31,885.11, but closed at 31,747.09, up just 31.45 points.

Similarly, the broader zoomed past the 9,800- mark for the first time to all-time high of 9,830.05 but failed to maintain the level on late sell-off. It settled at 9,786.05, up 15 points, or 0.15 per cent.

"Market touched new high as continued buying by domestic investors in expectation of revival in FY18 earnings despite some volatility in the first quarter. But the pace was not sustained in view of US Fed's testimony tomorrow," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

The total market valuation of all listed firms on BSE had first hit Rs 100 trillion level on November 28, 2014.

Of the firms, 16 ended with gains led by Bajaj Auto, Tata Motors and NTPC.

Among sectoral indices, IT rose the most by surging 0.91 per cent, followed by auto index 0.80 per cent.

On BSE, 1,135 stocks advanced, while 1,596 declined and 147 remained unchanged.

As many as 155 stocks touched the 2-week high level on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 18:58 IST