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M-Cap of BSE stocks records another all-time high as benchmarks rally

Investing.com -- The combined market capitalization of all the companies listed on the Bombay Stock Exchange (BSE) hit a new peak of INR295.72 lakh crore ($1 = INR82.033) on Friday, as the Indian equity benchmark indices Nifty 50 and Sensex recorded their all-time highs during the session.

The market valuations of the BSE-listed firms jumped to a new lifetime high of INR2,95,72,338.05 crore on June 30, less than seven trading sessions from surpassing the previous high of INR2,94,36,594.5 crore recorded on June 21, 2023.

Headline indices Nifty 50 continued its rally for the fourth consecutive session on Friday and hit a record high at 19,123.2 level, while the 30-scrip Sensex extended its upswing for the third straight session Friday, scaling a new high of 64,460.99.

The two indices continued to record fresh peaks for the second straight session on Friday and thanks to this rally, the m-cap of BSE-listed companies scaled a new high in the session.

Barring ICICI Bank (NS:ICBK) and NTPC (NS:NTPC), all the stocks listed on Sensex traded in the green, with gains led by M&M (NS:MAHM), IndusInd Bank (NS:INBK), and Sun Pharmaceuticals (NS:SUN).

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.