Team Blitz India
NEW DELHI: In a significant milestone, the combined market capitalisation of BSE-listed companies surpassed Rs 400 lakh crore for the first time during trading session on April 8. This achievement comes amid a sustained rally in the large, mid and small-cap stocks, extending for the third consecutive session, with heavyweight stocks playing a major role in driving the surge.
The market sentiment has been bolstered by positive financial updates from major companies, setting an optimistic tone ahead of the upcoming earnings season.
The robust business update from heavyweight HDFC Bank has played a crucial role in boosting index performance, while strong auto sales figures have further fueled optimism among investors regarding the growing economy. Additionally, shares of Reliance Industries, the country’s largest company in terms of market capitalisation, have also demonstrated strong performance.
The 30-share BSE Sensex benchmark climbed 425 points, or 0.57 percent, to hit another record high of 74,676 points. The index in the current year so far has jumped 3.28%. It finished CY23 with a remarkable return of 18.74%.
