New Delhi: Total market valuation of all BSE-listed companies on Wednesday surged to all-time high of over Rs 118 lakh crore after a rally in the broader market.
The market capitalisation of BSE-listed companies rose to Rs 1,18,19,635 crore (USD 1.7 trillion).
The benchmark BSE Sensex rallied over 241 points to end at about six-month high of 28,984.49 points today. The gauge had lost 149.65 points in the previous two sessions.
"Surprising markets positively, Q3 GDP numbers showed little signs of demonetisation's impact. Continued expansion in manufacturing PMI also served to add more legs to market?s run, while Trump's softened immigration stance shored up IT stocks," said Anand James, Chief Market Strategist, Geojit Financial Services Ltd.
The government yesterday pegged GDP growth at a higher-than-expected 7.1 per cent for the current fiscal despite note ban with agriculture sector doing exceptionally well, helping India retain the tag of world's fastest growing major economy.
From the 30-share Sensex pack, 21 ended higher while 9 ended lower.
The BSE realty index gained the most by surging 3.46 percent, followed by metal index (1.91 percent) and FMCG index (1.30 percent).
A total of 1,662 stocks advanced while 1,189 declined and 191 remained unchanged on BSE today.
