Spring in share market, market cap of BSE listed companies reached 292.78 lakh crores
On Friday, the market valuation of companies listed in the stock market BSE reached an all-time high of Rs 292.78 lakh crore.
The market valuation of BSE Listed Companies reached an all-time high of Rs 292.78 lakh crore on Friday amid a boom in the stock market. BSE's benchmark index Sensex closed at 63,384.58 points with a gain of 466.95 points at the end of trading, which is its highest level.
The market boomed due to no increase in interest rates
Market experts have attributed this rise in the domestic stock markets to the decision of the Federal Reserve not to increase the interest rate. Apart from this, positive global cues and foreign institutional investors (FIIs) becoming net buyers also supported the bullish trend.
The market cap of listed companies has increased,
the total market capitalization of the companies listed on BSE has increased to a record Rs 2,92,78,245.41 crore. The previous high level of market valuation was Rs 2,91,25,007.45 crore on December 14, 2022. On a weekly basis, the Sensex registered an increase of 758.95 points i.e. 1.21 percent.
FIIs bought
According to the data, Foreign Institutional Investors (FII) bought shares worth Rs 3,085.51 crore on Thursday.
Sensex reached a record high,
there was a jump in the Sensex today. With this, the Sensex hit a high of 63520.36 today. On the other hand, today the Sensex saw a gain of 466.95 points (0.74 percent). With this, the Sensex closed at the level of 63384.58. At the same time, there has been a jump in Nifty as well. Nifty hit a high of 18864.70 today. Along with this, the Nifty showed a gain of 137.90 points (0.74 percent) and closed at the 18826 level.
How was the condition of the global market?
There has been a boom in the US market. Nifty made a strong opening on the back of a rally in US markets, followed by consolidation during the first half of the trading session. Supported by Reliance and Bank Nifty gained momentum in the second half of the trading session, which saw gains towards the end of the day.
