The market capitalisation of BSE-listed firms has reached a new all-time high of Rs 293.51 lakh crore on Tuesday. The benchmark Sensex rebounded, advancing 159.40 points or 0.25% to settle at 63,327.70. A recovery in equities helped the market capitalisation of BSE-listed firms reach this record value at the end of the trading session. While most of the Asian markets ended poorly, last-hour buying in IT, metal, banking and power stocks helped Sensex regain the 63,000 level in a volatile trading session. However, near and medium-term uncertainties such as interest rate fluctuations, global economic slowdown and inflation issues could dampen the rally, warned Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd. Of the Sensex pack, Tata Motors, HCL Technologies, Power Grid, Tech Mahindra, NTPC, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Wipro, Nestle, Tata Consultancy Services and Infosys were among the major gainers, while Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank and State Bank of India were the major laggards.
Mcap of BSE-listed Companies Crosses Rs 293 Lakh Cr Mark, Setting a Fresh Record High
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