M-cap on BSE Hits All-time High at Rs 110 lakh cr 

New Delhi: Boosted by a strong stock market show on Tuesday, the total market capitalisation (m-cap) of BSE-listed companies surged to an all-time high of Rs 110.7 lakh crore ($1.64 trillion).

Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.
The BSE benchmark Sensex soared 440.35 points to end at 28,343.01.

The index touched its 52-week high of 28,478.02 in intra-day trade. Renewed buying interest from FIIs helped benchmark indices to break free from the excruciating range seen all through August, and this seemed to have attracted further participation from those waiting for a clearer signal.

The index touched its 52-week high of 28,478.02 in intra-day trade.
Renewed buying interest from FIIs helped benchmark indices to break free from the excruciating range seen all through August, and this seemed to have attracted further participation from those waiting for a clearer signal,” said Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services Ltd.

TCS is the most valued Indian firm with a market valuation of Rs 5,02,202.97 crore, followed by Reliance Industries Ltd (Rs 3,45,650.10 crore), HDFC Bank (Rs 3,22,240.25 crore), ITC (Rs 3,11,383.66 crore) and Infosys (Rs 2,39,111.94 crore).

Among the 30 Sensex companies, 29 scrips ended higher, led by Asian Paints and Bajaj Auto. Bharti Airtel fell by 2.82 per cent. BSE is among the world’s 10 largest exchanges in terms of market value, while it is the biggest in terms of number of firms listed on its platform.
Over 2,900 companies trade on BSE. On the exchange, 1,638 scrips advanced, while 1,073declined and 216 remained unchanged.

Source: PTI