New Delhi: Market Capitalization The companies listed in BSE surged to the highest record of Rs 2,40,04,664.28 Crore on Tuesday, driven by a general meeting who also saw the benchmark sensex touching the peak of 53,887.98 points.
Rally for the second consecutive day on Tuesday, the 30-share BSE index closed at the top of the new closing 53,823.36 points, a surge in 872.73 points or 1.65 percent.
During the day, he minimized 937.35 points to 53,887.98 points.
Investor’s wealth soared by Rs 4,54,915.38 Crore since it was near Friday.
In the previous session, Sensex rose 363.79 points or 0.69 percent.
From the FRONTLINE 30-sharing company package, Titan is the largest enhancer with a leap of nearly 4 percent followed by HDFC, Nestle India Limited, Bank Indusind, Semen Ultratech, Bharti Airtel, and the Indian state bank.
Other heavyweight such as Infosys and TCS are also added to market rallies.
In the list of the most valuable companies in the country with market capitalization, Reliance Industries Ltd leads the graph with RS 13,22,978.38 Crore’s assessment followed by the Tata Consultation Service that its assessment is Rs 12,14,823.96 Crore.
HDFC Bank is in third place with RS Market Assessment 7,93,554.87 Crore, followed by Infosys (RS 7,04,495.38 Crore), Hindustan Unilever Ltd (RS 5,60,905.60 Crore), Rs 4,77,940,19 Crore ), HDFC (Rs 4,61,179.43 Crore), Bank State of India (RS 3.98,439.28 Crore), Bajaj Finance (RS 3,81,975.63 Crore) and Mahindra Bank Box (RS 3,34,417.92 Crore ).
ICICI Bank passes HDFC and has become the second most valuable financial company by market capitalization after HDFC Bank.
According to Gaurav Garg, Head of Research, Capitalvia Global Research Ltd, sentiment in the Indian market remains positive with an increase in GST collections and the manufacturing sector to get encouragement and post the strongest growth rate in July amid easing covid restrictions.
, “What truly provided support to the market is the FY22 Q1 income report that starts with a very healthy note despite the impact of Covid 2.0,” Sneha Poddar, AVP – Research, Broking & Distribution in Motilal Oswal Financial Services Ltd, said.
In a wider market, the BSE MIDCAP and ScatCap index closed with an increase of up to 0.23 percent.
Binod Modi, head strategy in reliance securities, said domestic equity extended increases and recording new highs.
“In particular, the main economic indicators such as the GST collection, automatic sales volume and other high frequency indicators such as e-way bills showed a strong rebound in July, which was well-bodied and showed a sustainable healthy company income in the next quarter,” he added.