 "BSE-listed firms’ m-cap touches Rs 100 lakh cr")
The total market valuation of listed companies at the BSE exchange scaled Rs 100 lakh crore on Tuesday, amid a rally in the stock market.
The total market capitalisation (m-cap) of BSE-listed companies swelled by Rs 68,483 crore to Rs 1,00,40,147 crore at the end of the trade. The BSE Sensex surged 232.2 points to end at nearly 27,010, a level earlier seen on October 28 last year.
The total m-cap of listed companies at the BSE had regained the Rs 100 lakh crore milestone on Friday also, but had slipped below this mark at the close of trade.
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“As expected, the Reserve Bank of India kept key policy rates on hold. Timing of a rate cut would depend on a host of factors such as monsoon distribution and global factors,” said Kotak Securities senior vice-president and head, Private Client Group Research, said Dipen Shah.
Reserve Bank of India Governor Raghuram Rajan on Tuesday left borrowing costs unchanged, but signalled an interest rate cut later this year if strong monsoon rains dampened inflation.
Of the 30-share Sensex pack, 25 showed up in the green.
The BSE realty index gained the most by climbing 1.70 per cent followed by banking (1.63 per cent).
At the BSE, 1,483 stocks advanced, while 1,132 declined and 160 remained unchanged.
"We believe RBI will have enough data points post monsoon, which will help in deciding whether there is immediate scope for rate cuts or not," Angel Broking Chairman and MD Dinesh Thakkar said.
