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Market Capitalization: Market created history, BSE’s market cap reached 282.66 lakh crore for the first time

BSE Market Capitalization: The Indian stock market has created history on Thursday. Due to the spectacular rise in the stock market, the market capitalization of shares listed on the Mumbai Stock Exchange has reached an all-time high of Rs 282.66 lakh crore. At the same time, due to the rise in the stock market on Thursday, the wealth of investors has increased by Rs 1.79 lakh crore.

Market cap increased by Rs 47 lakh crore
On June 17, 2022, the market capitalization of companies listed on BSE was close to Rs 235 lakh crore, which has now increased to Rs 282.66 lakh crore. That is, in less than three months, due to the investment of foreign portfolio investors and domestic investors, the BSE market cap has reached these levels.

great rally in the market
Mumbai Stock Exchange index Sensex rose 659 points to 59,688 and National Stock Exchange’s Nifty closed at 17,798 points with a gain of 174 points at the end of trading due to investors’ buying on Thursday. The Sensex is on the verge of touching the level of 60,000 and the Nifty is on the verge of touching the level of 18,000.
Mehta Equities Ltd. Research Analyst of Prashant Taapsee said, there was a good rally in the market on Thursday. The main reason for this is the rise in Wall Street (US stock market) on Wednesday and the continuous fall in the price of crude oil. The price of crude oil is trading continuously at its lowest level since February.

51,200 crore investment in August
Foreign portfolio investors have made record investments in the month of August. In August, foreign investors have invested a total of Rs 51,200 crore, which is the highest investment made in a month in the last year. However, whether there will be a similar investment in September or not will have to wait. Investors are waiting for the US Central Bank to hike interest rates.

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