BSE Hits Record High: Sensex Peaks Amid Inflation Decline
The combined market capitalization of BSE-listed firms reached a new record of Rs 431.67 lakh crore, as the Sensex hit its lifetime high of 77,145.46 points. This rise is attributed to decreasing inflation rates and favorable domestic CPI data.
- Country:
- India
The combined market capitalisation of BSE-listed firms achieved a groundbreaking milestone, hitting Rs 431.67 lakh crore on Thursday. The benchmark Sensex simultaneously reached a record lifetime high.
Rising for a consecutive day, the 30-share BSE benchmark soared by 538.89 points (0.70%), reaching its peak at 77,145.46. It ended the day at a new high of 76,810.90, increasing by 204.33 points or 0.27%.
Driven by India's favorable CPI data showcasing a decline in inflation, the market capitalisation of BSE-listed companies hit an unprecedented Rs 4,31,67,541.81 crore (USD 5.17 trillion). Investors' wealth surged by Rs 4.72 lakh crore in just two days.
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