BSE-listed companies have a makeup of Rs. 447.40 lakh crore reached an all-time high

The market capitalization of BSE-listed companies on Thursday rose to Rs. 447.30 lakh crore hit a record high and the benchmark Sensex closed at a fresh all-time high. The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index later pared most of the gains and settled up 62.87 points, or 0.08 percent, at 80,049.67 on volatility and profit-taking by investors.

The market capitalization (mcap) of BSE-listed companies is Rs. 4,47,30,452.99 crore (USD 5.36 trillion) reached a record high.

Out of a total of 4,021 traded stocks, 2,185 stocks advanced while 1,742 declined and 94 remained unchanged on the BSE.

“Indian stock markets opened higher on Thursday, extending their record-breaking rally amid expectations that the Federal Reserve may soon start cutting borrowing costs following weak US economic data.

“Despite an early bounce, benchmark equity indices were largely unchanged from Wednesday’s close, as gains in technology shares were offset by losses in HDFC Bank,” said Avdhut Bagkar, technical and derivatives analyst at Stoxbox.

Overall, market and momentum breadth remained positive. In terms of sectors, pharma, healthcare and IT emerged as the top gainers compared to their peers, Bagkar added.

In the broader market, the BSE smallcap gauge rose 0.62 percent and the midcap index rose 0.60 percent.

The benchmark BSE Sensex breached the historic 80,000 intraday level for the first time while the Nifty rallied over 162 points to close at a fresh lifetime high of 24,286.50 on Wednesday.