BSE m-cap surges to record ~211 trillion

The combined market capitalisation of Bselisted companies touched a new high of ~211 trillion on Friday and the equity benchmarks stretched their winning streak for the third straight session as robust corporate results and positive global cues propped up risk appetite despite the Covid-19 overhang.

The combined market capitalisation of Bse-listed companies touched a new high of ~211 trillion on Friday and the equity benchmarks stretched their winning streak for the third straight session as robust corporate results and positive global cues propped up risk appetite despite the Covid-19 overhang.

The BSE Sensex climbed 256.71 points, or 0.52 per cent, to finish at 49,206.47.

Similarly, the broader Nifty50 rose 98.35 points or 0.67 per cent to 14,823.15.

The m-cap of the Bse-listed firms hit a record even as the benchmark BSE Sensex is down 5.7 per cent from its peak of 52,154 made on February 15. The previous m-cap record was ~210 trillion, achieved on March 3. On March 25, the combined m-cap had even slipped below the ~200-trillion mark. Since then it has risen 6 per cent, thanks to a rally in the broader market.

During the week, the Sensex advanced 424.11 points or 0.86 per cent, and the Nifty jumped 192.05 points or 1.31 per cent.

On Friday, HDFC was the top performer in the Sensex pack, spurting 2.70 per cent, after reporting a 31 per cent jump in consolidated net profit at ~5,669 crore for the March quarter.