Mcap of BSE-listed firms jumps to record high of ₹354.41 lakh crore; investors richer by ₹3 lakh crore

Investors' wealth surged to an all-time high of Rs 354.41 Lakh crore as global markets rallied after the U.S. Federal Reserve kept its key interest rate unchanged.

The market capitalisation of BSE-listed companies surged to an all-time high of ₹354.41 lakh crore in early trade on December 14, with investors becoming richer by ₹3.22 lakh crore, as the benchmark Sensex hit its all-time high level driven by a rally in global equities.

Global markets rallied after the U.S. Federal Reserve kept its key interest rate unchanged and signalled that they expect to make three quarter-point cuts to their benchmark interest rate next year.

The 30-share BSE Sensex jumped 955.4 points to hit its all-time peak of 70,540 during the early trade.

The market capitalisation (mcap) of BSE-listed firms hit a record high of ₹3,54,41,617.18 crore during the early trade. Investors’ wealth climbed by ₹3,22,385.27 crore from ₹3,51,19,231.91 crore on December 13.

Among the Sensex firms, Infosys, HCL Technologies, Bajaj Finance, Tech Mahindra, Wipro and IndusInd Bank were the major gainers.

Power Grid, Asian Paints, Nestle and Hindustan Unilever were among the laggards.

In Asian markets, Seoul, Shanghai and Hong Kong were trading in the positive territory while Tokyo quoted lower.