Mumbai8 minutes ago
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When the Sensex rose more than 500 points on Monday, the market cap also reached 165.45 lakh crore rupees. That is, investors have gained
- The market capitalization of the companies listed on the BSE reached Rs 101 lakh crore on March 23 due to a steep fall in the market.
- Since March, the market capitalization of listed companies has increased by Rs 64 lakh crore.
The Bombay Stock Exchange (BSE) Sensex has gained nearly 2,800 points in the last 6 trading days. It has gained 580 points on Monday. With this, it touched the level of 42,566 in the first business hour. This is the historical level of the Sensex till date. Earlier it touched a level of 42,273 in January this year. Small cap, mid cap and some major have contributed to this growth.
65% increase since March
If we talk about the index, the S&P BSE 500 has increased 65% since March. It has risen from 9,758 to 16,143. The small cap has gained 78% during this period. It was at 86,22 in March, which has now reached 15,351. The mid-cap has gained 63%. It has risen from 9,555 to 15,567.
Banking and financial contribution
During this period, the stocks that contributed to the Sensex’s rise were mainly banking and financial sectors. IndusInd Bank’s stock has gained the most by 27%. While the share of Bajaj Finance has increased by 17%. Adani Green’s stock has tripled. Apart from this, ICICI Bank is also trading with a gain of 16% while Bandhan Bank’s stock rose by 16%.
SBI shares also gained momentum
State Bank of India (SBI) shares have gained 15%. Meanwhile, HDFC Bank shares made a new top on Monday and reached Rs 1,335. The stock has risen 90% since March. Also, its market cap has gone up to Rs 7.35 lakh crore, making it the third largest company on this basis. Axis Bank’s stock has risen 13% during this period.
RIL, TCS and ITC disappointed this week
However, in this week, heavyweights like Reliance Industries, TCS, ITC etc. have made losses to investors. These stocks have been declining. Meanwhile, shares of Infosys and Hindustan Unilever have also been doing well. Their market capitalization has reached close to Rs 5 lakh crore. While the stock of HDFC AMC rose from Rs 2100 to Rs 2,517 on Monday. This increased its M cap to Rs 53 thousand crore. The market cap of SBI Card reached 80 thousand crore rupees during this period.
Market cap increased to 8.30 lakh crores in 6 trading days
Talking about the market, the market cap has increased by Rs 8.30 lakh crore in 6 business days so far this month. On November 2, it was 157.18 lakh crore, which increased to 165.45 lakh crore on Monday. By the way, the reasons for the rise of the stock market, which Biden’s victory in the US presidential election, good second quarter results in India and the diminishing effect of Corona in the coming time have been prominent.
Sensex was made a new top in January
The Sensex made a new top in January. But with the lockdown from Korana in March, the Sensex rose to 26,638, down 26 thousand. However, from here the Sensex started making a comeback again and it reached 65% by 9 November. Since March, its market capitalization has increased by Rs 64 lakh crore.
Sensex went below 26 thousand on 23 March
The market capitalization of the companies listed on the BSE reached Rs 101 lakh crore on March 23 due to a steep fall in the market. However, it reached 161 lakh crore earlier. When the Sensex rose more than 500 points on Monday, the market cap also reached 165.45 lakh crore rupees. That is, investors have gained 64 lakh crores in 7 months. In this, the market cap of the top 10 companies has increased.