Sensex hits fresh lifetime high, closes in on 75,000 mark
market capitalisation of BSE-listed companies crossed ₹400 lakh crore for the first time on Monday, driven by strong domestic fund flows as the Sensex closed in on the 75,000 mark. The stocks took just nine months to add the last ₹100 lakh crore in market capitalisation, as local investors pumped in funds.
The ₹300 lakh crore market cap milestone was achieved on July 5, 2023, when the Sensex was at 65,446. Since then, the index has rallied over 14%, but the broader market cap has surged 34%.
Surge in Demat Accounts
Non-index stocks, especially mid and small-cap ones, have gained sharply.
The Sensex hit a fresh lifetime high of 74,869.3 on Monday before ending the session at 74,742.5, up 0.7%, while the Nifty hit 22,697.30 before settling at 22,660.95, also up 0.7%.
Newly listed companies including Jio Financial Services have added about Rs 8 lakh crore market capitalisation since July 5, 2023. Reliance Industries has added Rs 2.61 lakh crore, topping the list.
HDFC Bank, TCS and Life Insurance Corporation of India have added Rs 2.39 lakh crore, Rs 2.38 lakh crore and Rs 2.33 lakh crore in market value, respectively, during this period. L&T, Tata Motors, NTPC, SBI and Adani Green are among the 16 companies that have added more than Rs 1 lakh crore to their market value since July last year.
The market capitalisation of BSE-listed firms hit the Rs 100 lakh crore mark for the first time in March 2014, Rs 200 lakh crore in February 2021 and Rs 300 lakh crore in July last year. India's capital markets have witnessed
