Mcap of BSE-listed firms at record high of ₹451.27 lakh cr
The Hindu
BSE-listed firms hit record market capitalisation, Sensex reaches all-time high, with auto and consumer sectors leading gains.
The market capitalisation of BSE-listed firms on Kuly 8 hit a fresh lifetime high of ₹451.27 lakh crore on a day when the BSE Sensex reached a record closing level.
The 30-share BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64. During the day, it jumped 436.79 points, or 0.54%, to hit a new lifetime high of 80,397.17.
The market capitalisation of BSE-listed firms hit an all-time high of ₹4,51,27,853.30 crore ($5.41 trillion) and investors’ wealth also went up ₹1.56 lakh crore on July 8.
“After consolidating in the last few days, markets bounced back to make fresh highs amid buying seen in index heavyweights,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Among Sensex components, Maruti Suzuki India jumped 6.60% amid reports that the U.P. Government waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the State. Mahindra & Mahindra, ITC, Sun Pharma, Titan, Tata Motors, and Nestle were the other big gainers. Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, and JSW Steel were among the laggards.
Among the indices, auto jumped 2.17%, consumer durables (2.01%), realty (1.23%), consumer discretionary (1.21%), healthcare (1%), and utilities (0.76%). Telecommunication, capital goods, and teck were the laggards.
A total of 2,010 stocks advanced while 1,924 declined and 92 remained unchanged on the BSE. Also, 320 stocks hit their upper circuit limit while 242 firms hit the lower circuit levels.
The rupee declines 14 paise to 92.42 against the dollar amid rising crude prices and foreign fund withdrawals.
Dell’s total workforce declined by about 10%, or 11,000 employees, in fiscal 2026, it said on Monday
Nvidia chief Jensen Huang on Monday said the leading artificial intelligence chip maker is heading for space with a goal of powering orbiting data centres.
Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy spending
Wholesale price inflation hits 11-month high at 2.13%, driven by rising crude prices and increased costs across various sectors.
Kerala's wellness sector faces uncertainty due to the West Asian crisis, impacting tourism and threatening economic stability.
Experts link Punjab's distress migration to economic stagnation and job mismatches, highlighting systemic failures in political leadership.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported