Published By: Mohammad Haris
Last Updated: February 19, 2024, 17:13 IST
Sensex, Nifty Today. (Representative picture/Reuters)
The 30-share BSE Sensex benchmark climbed 281.52 factors or 0.39 per cent to shut at 72,708.16, whereas NSE Nifty ended at its all-time excessive of 22,122.25 factors, up 81.55 factors or 0.37 per cent from the earlier shut
Investors grew to become richer by Rs 2.20 lakh crore on Monday and the market capitalisation of BSE-listed companies reached an all-time excessive of Rs 3.91 lakh crore as buoyant sentiment sustained the inventory market rally for the fifth straight session.
The 30-share BSE Sensex benchmark climbed 281.52 factors or 0.39 per cent to shut at 72,708.16, whereas NSE Nifty ended at its all-time excessive of 22,122.25 factors, up 81.55 factors or 0.37 per cent from the earlier shut.
The market capitalisation (mcap) of BSE-listed corporations went up Rs 2,19,581.56 crore to achieve its all-time excessive of Rs 3,91,69,087.01 crore.
“BSE market cap touching a record high of around USD 4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market.
“The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual investors and DIIs continue to be strong,” V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned.
Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle had been the lead gainers. On the opposite hand, L&T Wipro, IndusInd Bank and TCS and Tata Motors had been the lead losers.
In the broader market, the BSE Midcap rose by 0.29 per cent whereas BSE SmallCap gained 0.77 per cent, beating larger friends. The BSE largecap was up 0.35 per cent.
Among sectoral indices, BSE Telecom rose by 1.52 per cent, BSE Utilities by 1.29 per cent, BSE Consumer Durables by 1.76 per cent, BSE Services by 1.22 per cent, and FMCG by 0.84 per cent.
Among losers, BSE Metal dropped 0.87 per cent, Realty by 0.63 per cent, Capital Goods by 0.62 per cent, and IT by 0.26 per cent.
Key benchmark indices Sensex and Nifty closed within the inexperienced for the fifth straight session on Monday, gaining round 2.3 per cent.
Asian markets had been combined. Hong Kong’s Hang Seng fell 0.8 per cent, Tokyo’s Nikkei 225 misplaced 0.04 per cent whereas the Shanghai Composite index gained 1.4 per cent.
US market are closed on Monday on account of President’s Holiday. On Friday, US shares closed within the pink, with all three main indices logging weekly losses, as traders assessed inflation readings and firm earnings.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
