Leaders Online: The bullish wave continues in the Indian stock market. Amid positive global cues, the Sensex on Monday (Dec 8) surged over 350 points to touch an all-time high of 74,658. While Nifty registered a new high of 22,623 points. The stock market got off to a strong start with buying in IT and auto stocks. (Sensex Nifty hit fresh record highs)
100 lakh crore increase in market capitalization in 9 months
Meanwhile, today's all-time high in the stock market saw the market capitalization of all listed companies on BSE cross the Rs 400 lakh crore mark for the first time. (Market Capitalization BSE listed companies) Interestingly, the BSE market capitalization has increased by 100 lakh crore rupees in just 9 months.
Market capitalization of listed companies on BSE crossed Rs 400 lakh crore today, according to Moneycontrol. In March 2014, the market capitalization stood at Rs 100 lakh crore. Then in February 2021, it reached Rs 200 lakh crore. In July 2023 it crossed Rs 300 lakh crore and now after just nine months the market capitalization has crossed the Rs 400 lakh crore mark.
What is the reason for the unprecedented boom? Which areas contribute?
Since April 2023, BSE listed companies have collectively recorded an increase in market capitalization of Rs 145 trillion. This increase is 57 percent. Strong corporate earnings, positive sentiment among investors due to stable policies and increased investment inflows from domestic and international markets fueled the market rally. The mid and small cap indices saw gains of 60 percent and 65 percent respectively. The largecap Sensex index has gained 28.6 percent. Realty, PSU Banks, Auto, Energy, Infra and Pharma sectoral indices have been leading in the market boom.
Sensex, Nifty at new highs
Sensex opened at 74,555 today. It then recorded an all-time high of 74,658. Reliance, M&M, Power Grid, Bajaj Finserv, Tata Steel are top gainers on Sensex. While the shares of Wipro, HDFC Bank are showing a minor decline. BSE Midcap and Smallcap are also bullish.
