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Showing posts with the label Bajaj Finance

M-cap of BSE-listed companies at record high of over Rs 270.24 trillion

  Helped by the ongoing rally in equities, the market capitalisation of BSE-listed companies has reached a fresh record high of Rs 270,24,154.49 crore in morning trade on Wednesday. Helped by the ongoing rally in equities, the market capitalisation of  BSE-listed companies has  reached a fresh record high of Rs 2,70,24,154.49 crore in morning trade on Wednesday. Rallying for the fifth straight session on Wednesday, the 30-share BSE benchmark jumped 376.44 points to its all-time high of 60,660.75. In five trading days, the BSE benchmark index has gained 1,471.02 points. Driven by the ongoing rally, investors’ wealth has also jumped by Rs 8,03,607.44 crore in five days. “An important trend in the market in recent days is the market resilience in spite of selling by both FIIs and DIIs. This new trend reinforces the dominance of retail investors and the success of the ‘buy on dips strategy. We don’t know how long this trend will continue and this strategy will work. But now t...