Total market valuation of all listed companies on the BSE rose to a new high of Rs 160.68 lakh crore on Friday following a bullish sentiment in the equity market.
Extending its gains for the seventh straight session — the longest winning streak in almost a year — the 30-share BSE Sensex rose by 326.82 points or 0.81 per cent to close at 40,509.49.
Sensex surges over 300 points after RBI policy outcome; financial stocks gain
During the week, the Sensex advanced 1,812.44 points or 4.68 per cent. Tracking gains in the broader market, the market capitalisation of the BSE-listed companies zoomed to Rs 1,60,68,725.10 crore at close of trade on Friday.
Stock market benchmarks rallied on Friday as financial stocks advanced following the Reserve Bank of India’s (RBI) accommodative policy stance and steps to boost liquidity to the banking sector.
The benchmark repurchase (repo) rate has been left unchanged