Indian Stock Markets Hit $2 Trillion M Cap

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Sudden recapitalization boost for the government run banks has augured well for the Indian capital markets as it managed to hit another record high m-cap of $2 trillion. This has come off despite the huge selling by the foreign portfolio investors or FPIs.

    Indian Stock Markets Hit $2 Trillion M Cap

    After the demonetisation move, Indian equities market since the beginning of 2017 has moved up the ladder and Nifty index for the first time in July this year crossed the 10000 mark. After this, yesterday's trading session made record highs for both the Sensex and Nifty crossing 33000 and 10300 levels respectively with the government's huge recapitalization plan worth Rs. 2.1 lakh cror for PSBs. The year has been stupendous for the primary market with several big IPOs hitting the shelves.

    In the year 2017 alone, Sensex have provided gains to the tune of 25%. PSBs across the pack moved up nearly 30-45% in a day's gain on Wednesday and are again seen trading higher in trade today.

    In Wednesday's trade, SBI moved past 4 companies in m-cap as the scrip also made 52-week highs of Rs. 322.95 which made its m-cap at Rs 2,80,282.68 crore. So, among BSE-listed companies, Reliance Industries tops the m-cap followed by TCS, HDFC Bank, ITC and SBI.

    Goodreturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more