Market capitalization of BSE-listed companies reaches record high of Rs 3.91 lakh crore; Investors contribute Rs 2.20 lakh crore.

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 On Monday, investors saw their wealth increase by Rs 2.20 lakh crore as the market capitalization of BSE-listed companies hit an all-time high of Rs 3.91 lakh crore, sustaining the stock market rally for the fifth consecutive session.


The 30-share BSE Sensex benchmark rose by 281.52 points or 0.39 percent to settle at 72,708.16, while the NSE Nifty closed at a record high of 22,122.25 points, up by 81.55 points or 0.37 percent from the previous close.



The market capitalization of BSE-listed companies increased by Rs 2,19,581.56 crore, reaching an all-time high of Rs 3,91,69,087.01 crore.


"The BSE market cap reaching a record high of around USD 4.7 trillion reflects the strength of the ongoing bull run and market momentum. Although the Buffet Ratio (market cap to GDP) signaling very high valuation at above 120 percent is a cause for concern, it's unlikely to halt the bull run in the near term due to strong flows from domestic individual investors and DIIs," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.


Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle led the gains, while L&T, Wipro, IndusInd Bank, TCS, and Tata Motors were among the leading losers.


In the broader market, the BSE Midcap rose by 0.29 percent, while the BSE SmallCap gained 0.77 percent, outperforming larger peers. The BSE large cap increased by 0.35 percent.


Among sectoral indices, BSE Telecom rose by 1.52 percent, BSE Utilities by 1.29 percent, BSE Consumer Durables by 1.76 percent, BSE Services by 1.22 percent, and FMCG by 0.84 percent. On the flip side, BSE Metal dropped 0.87 percent, Realty by 0.63 percent, Capital Goods by 0.62 percent, and IT by 0.26 percent.


Key benchmark indices Sensex and Nifty closed positively for the fifth consecutive session on Monday, with gains of around 2.3 percent.


In Asian markets, there was a mixed performance with Hong Kong’s Hang Seng falling 0.8 percent, Tokyo’s Nikkei 225 losing 0.04 percent, while the Shanghai Composite index gained 1.4 percent.


The US markets were closed on Monday for President's Day. On Friday, US stocks closed lower, with all three major indices recording weekly losses, as investors evaluated inflation readings and company earnings.

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