May 24, 2021 08:44 PM
Market caps of all BSE-listed companies hit the $3 Trillion Mark for the first time
Market caps of all BSE-listed companies hit the $3 Trillion Mark for the first time. A great milestone on a long journey. Congratulations to all 6.9 crore+ registered investors, 1400+ brokers, 69,000+ MF distributors and 4700+ companies,” Ashishkumar Chauhan.
Investor wealth has been touching fresh records this year. The market cap has been rising despite selling by foreign institutional investors. According to the depository data, foreign portfolio investors (FPIs) withdrew Rs 6,370 crore from equities and pumped in Rs 1,926 crore in the debt segment between May1-21, 2021.
On February 4, 2021, market cap of BSE-listed firms crossed Rs 200 lakh crore for the first time after Sensex scaled a high of 50,474. Investor wealth rose to Rs 200.11 lakh crore against the previous close of Rs 198.43 lakh crore on BSE. Currently, market wealth on BSE stands at a fresh record high of Rs 218.97 lakh crore.
Also Read: Cryptocurrencies struggle to find footing as miners halt operations in China
The rise in market cap came after Sensex closed 111 points higher at 50,651 and Nifty rose 22 points to 15,197 today. With a decline in Covid cases, Sensex has reclaimed the 50,000 level. Daily COVID-19 infections in India dipped to 2.22 lakh in the last 24 hours, the lowest in around 38 days, pushing the total tally of coronavirus cases to 2.67 crore while the death toll crossed the 3-lakh mark, according to the Union Health Ministry data updated on Monday.
Market caps of all BSE-listed companies hit the $3 Trillion Mark, On Friday, Sensex closed 975 points higher at 50,540 and Nifty rose 269 points to 15,175. The rally was led by banking stocks after country’s largest lender SBI announced its Q4 earnings.
The record rise in market wealth comes at a time when Sensex and Nifty are trading below their all time high levels. Sensex and Nifty scaled record highs of 52,516 and 15,431 on February 16 this year led by extension of gains after investors cheered Union Budget on February 1.
