Listed in BSE The excellent performance of the companies continues. Let us tell you that the market capitalization of companies listed in BSE reached an all-time high of Rs 401.10 lakh crore on Monday morning. This is the first time that the market capitalization of BSE-listed companies has crossed Rs 400 lakh crore. Let us tell you that the market capitalization of BSE-listed companies had reached the figure of Rs 300 lakh crore in July last year. That means, in less than 9 months, the companies listed on BSE have made an earning of Rs 100 lakh crore to the investors.
Sensex also reached life time high
BSE’s 30-share index Sensex also reached its all-time high. The Sensex jumped 425.62 points in early trade to reach a record high of 74,673.84. The market capitalization (mcap) of BSE-listed companies reached an all-time high of Rs 4,01,16,018.89 crore, thanks to the rally in the market. Among the Sensex listed companies, shares of Mahindra & Mahindra, Maruti, Tata Steel, Bajaj Finserv, Power Grid, Reliance Industries, Axis Bank and JSW Steel were the biggest gainers. Shares of Wipro, Nestle, HDFC Bank and Bajaj Finance suffered losses.
Mixed trend in global market
In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 were in profit, while China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss. US markets closed with a mainly positive trend on Friday. Global oil benchmark Brent crude futures were trading 1.36 per cent lower at US$89.93 per barrel. According to stock market data, foreign institutional investors (FIIs) had bought shares worth a net Rs 1,659.27 crore on Friday.
How will be the market outlook going forward?
V.K., chief investment strategist at Geojit Financial Services. Vijayakumar says that the fourth quarter results will be sluggish for IT companies. Therefore, the market reaction will depend on the details. He said that the results of banks are expected to be good. Bank Nifty may go up led by big banking companies like HDFC Bank and ICICI Bank. Small banks are also performing well. Capital goods and auto are in a strong position. FMCG is weak due to low volume growth, he said.
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