M-cap of BSE-listed firms reaches record high of ₹297.94-lakh crore

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The market capitalization of companies listed on the Bahrain Stock Exchange reached a record high of INR 297.94 crore in early trading on Monday as a benchmark. Sensex It crossed the 65,000 mark for the first time ever amid bullish investor sentiment.

The benchmark BSE index jumped 514.08 points to hit a high of 65,232.64 in early trading. The benchmark index rose for the fourth consecutive trading session on Monday.

Thanks to the continuous rise in shares, the market capitalization (mcap) of companies listed on the Bahrain Stock Exchange jumped to ₹2,97,94,780.47 crore in early trading.

On Friday, the market capitalization of companies listed on the Bahrain Bourse touched an all-time high of Rs.296.48 lakh crore.

Of the Sensex Group, HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries and Bajaj Finserv were the top gainers.

Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever and Asian Paints were among the latecomers.

In the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.

US markets ended significantly higher on Friday.

Brent crude, the global benchmark, jumped 0.08 percent to $75.47 a barrel.

Foreign Portfolio Investors (FPIs) He bought shares worth Rs 6,397.13 crore on Friday, according to exchange data.

FPIs injected Rs 47,148 crore into Indian stocks in June, making it the highest inflow in 10 months.

The Finance Ministry said on Saturday that GST collections exceeded Rs 1.60 crore for the fourth time since the introduction of the indirect tax system, rising by 12 per cent to more than Rs 1.61 crore in June.

The benchmark BSE index jumped 803.14 points, or 1.26 percent, to settle at a lifetime closing high of 64,718.56 on Friday. The Nifty index rose by 216.95 points, or 1.14 percent, to end at a record high of 19,189.05 points.

“After major benchmark indices climbed to new highs last week, investors are hopeful that fisheries companies will continue to increase their exposure to Indian markets, given the strong growth trajectory. India’s record GST collections for June indicate an improvement in economic growth momentum,” Prashanth said. Tapse, Senior Vice President (Research) at Mehta Equities Ltd.