October 6, 2022
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Mcap of BSE-listed firms hit fresh all-time high of Rs 283 lakh crore

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NEW DELHI: The market capitalisation of BSE-listed companies reached a contemporary all-time excessive of Rs 283 lakh crore on Friday as equities continued to rally for the second straight session.
The 30-share BSE sensex climbed 104.92 factors or 0.18 per cent to settle at 59,793.14 after hitting the 60,000-mark in intra-day commerce.
The market capitalisation of BSE-listed companies hit an all-time excessive of Rs 2,83,03,925.62 crore. In two days, traders’ wealth climbed Rs 2,16,603.93 crore.
“Though market pared positive aspects, Sensex hitting the psychological 60,000-mark intra-day signifies traders’ religion within the home financial system. Whereas inventory markets might look a bit dear, India’s long-term progress potential does carry some stability at a time when the financial slowdown in key economies is gazing recession fears,” stated Amol Athawale, Deputy Vice President – Technical Analysis, Kotak Securities Ltd.
Tech Mahindra was the most important gainer within the sensex pack, climbing 3.32 per cent, adopted by IndusInd Financial institution, Infosys, HCL Tech, Maruti, SBI, TCS, Wipro and Axis Financial institution.
UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro and Bajaj Finance had been among the many laggards.
“Nifty bulls retained management regardless of hawkish feedback from Powell and an aggressive rate of interest hike from the ECB. Together with agency world market cues, falling crude oil costs and greenback index boosted the market sentiment,” stated Prashanth Tapse – Analysis Analyst, Senior VP (Analysis), Mehta Equities Ltd.
Within the broader market, the BSE smallcap gauge gained 0.18 per cent and the midcap index climbed 0.16 per cent.
Among the many BSE sectoral indices, IT jumped 2.06 per cent, teck 1.59 per cent, financial institution 0.51 per cent and metallic 0.50 per cent.
Fundamental Supplies, telecom, utilities and capital items ended decrease.

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