Market cap of eight of top-10 most valued firms jump over Rs 1.52 lakh crore; HDFC Bank biggest gainer
In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, SBI and Kotak Mahindra Bank.
During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent and the BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.
Indian equity markets hit a record high as Nifty-50 closed just above 16,700 while Sensex closed above 56,000.
During the morning trade, the 30-share BSE benchmark index jumped 312.44 points to its lifetime high of 56,104.71, continuing its winning run for the fifth session in a row.
The company reached this milestone after shares of the company jumped 2.32 per cent to close at Rs 3,552.40 on the Bombay Stock Exchange.
Despite hitting USD 2 trillion in intraday trading on Tuesday, Microsoft's valuation was about USD 300 million shy of the high-water mark by the time markets closed.
The economists at the country's largest lender attributed the growth in equity markets to lower returns on other financial instruments amid a low rates regime.
Total market value of all listed firms beats FY21’s estimated nominal GDP at $2.9 trillion