The market valuations of companies listed in the Bombay Stock Exchange touched an all-time high of Rs 4,49,88,985.87 crore, which translates to $5.39 trillion, on Friday.
This was despite BSE's 30-stock benchmark index, Sensex, slightly dropping by 53.07 points or 0.07 per cent to settle at 79,996.60. A total of 2,242 stocks gained on Friday while 1,686 were laggards and 88 traded flat on the stock exchange.
The leading banking stocks, including market heavyweight HDFC Bank, pushed the index down during the volatile trading day. Vinod Nair, Head of Research, Geojit Financial Services, told news agency PTI, “The domestic market traded with a mixed bias, with the heavy-weight banking sector acting as a laggard. While Midcap and Small Cap outperformed and the respective BSE indices hit an all-time high.”
BSE's smallcap index jumped 0.70 per cent while the midcap index surged 0.75 per cent.
“Globally, investors now await the US non-farm payroll data to be released later today to gauge the trajectory of the US Fed's potential rate cuts,” he added.
On Thursday, when Sensex hit its intraday lifetime peak of 80,392.64 in early trade, BSE-listed firms achieved a market capitalisation of Rs 4,47,30,452.99 crore ($5.36 trillion). The same day also saw the benchmark at its record closing peak of 80,049.67.
