BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore
all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14.
During the day, it rallied 296.75 points, or 0.45 per cent, to 65,683.91.
The barometer had on Friday ended higher by 555.75 points, or 0.86 per cent, at 65,387.16.
In two days, investors' wealth went up by Rs 5,41,951.7 crore. The market capitalisation of BSE-listed firms stood at Rs 3,15,01,090.40 crore.
«Markets extended their gains for the second trading session on the back of rising expectations of a rate hike pause by the US Federal Reserve.
Further, reports of China taking measures to revive the property sector in the country also boosted sentiment,» Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said.
Manufacturing activities in India gained momentum in August as new orders and output increased at quickest rates in nearly three years, according to a survey released on Friday.
GST collections grew 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season.
Domestic passenger vehicle sales hit a record in August, led by highest-ever monthly dispatches from Maruti Suzuki on the back of festive demand and the continued strong offtake of SUVs.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains.
European markets were trading in the green in early deals. The US markets ended mostly in the positive territory on Friday.
From the Sensex pack, Wipro emerged as the biggest gainer, climbing 4.34 per cent.
