Market Valuation Of BSE-Listed Companies Hit Record High Of Rs 192.87 Lakh Crore

On Tuesday, the total market capitalisation of all listed companies on BSE zoomed to a record high of Rs 192.87 lakh crore, as the Indian equity market continued its rally.

The Indian markets record the tenth straight session of gains on Tuesday.

During this period, the BSE Sensex jumped 2,883.82 points or 6.33% and closed at 48,437.78 on Tuesday.

The market capitalisation of BSE-listed firms has jumped a whopping Rs 14,08,195.89 crore to a record Rs 1,92,87,518.94 crore ($2.6 trillion) in 10 trading sessions as the approval of two COVID-19 vaccines brought cheers to the domestic market.

Despite opening on a negative note on Tuesday, the 30-share BSE index pared all losses and staged a smart recovery to close 260.98 points or 0.54% higher at 48,437.78. It touched a lifetime high of 48,486.24 during the day.

Reliance Industries Limited (RIL) remains the country's most valuable firm with a market valuation of Rs 12,46,334.05 crore, followed by Tata Consultancy Services at Rs 11,60,349.92 crore.

In a memorable year 2020, the Sensex gained 15.7% where the benchmark index witnessed both ruthless selling and massive buying.

Equity investors grew richer by Rs 32.49 lakh crore in 2020 helped by massive returns in the equity market which had a roller coaster ride during the year hit by the coronavirus pandemic.