Market at new high! Sensex crosses 75K; Nifty hits 22,700
In the last nine months, the mcap of all BSE-listed companies increased by ₹100 lakh crore to cross ₹400 lakh crore marks for the first time ever.
In the last nine months, the mcap of all BSE-listed companies increased by ₹100 lakh crore to cross ₹400 lakh crore marks for the first time ever.
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
Markets oscillated in a narrow range on the budget day and settled marginally lower as investors resorted to profit booking at higher levels.
The BSE Sensex slipped as much as 167 points to hit a low of 71,585, and the NSE Nifty fell by 67 points to 21,659 levels.
India has become the world's fourth-largest equity market with m-cap of $4.33 trillion, surpassing Hong Kong's $4.29 trillion mark on Monday.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
The cumulative m-cap of BSE-listed companies surge over ₹27 lakh cr in December to ₹366 lakh cr as of December 27.
Indian stock market created history in CY23 with the Sensex and Nifty crossing 71K and 21K marks, respectively, with both indexes surging around 17% YTD.
In the first two weeks of December, the BSE benchmark Sensex has rallied 4,617 points, with FIIs injecting over ₹3,900 crore daily on an average this month.