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Foreign funds send MCap for BSE-listed companies to record Rs 287 lakh crore

Sensex and Nifty hit record highs on Tuesday. Indian markets are defying global weakness and touching all-time levels on the back of renewed interest from FIIs as the Indian decoupling story continues to play out, said one analyst.

November 30, 2022 / 09:54 AM IST
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The market capitalisation of BSE stocks touched a record high of Rs 287 lakh crore on Wednesday. There are 4817 firms listed on the BSE.

As foreign investors continued buying local stocks and crude oil prices continued falling, the BSE Sensex indices surpassed its previous market-cap peak of Rs 286.71 lakh crore, hit on September 13, 2022.

On Tuesday, the benchmark indices – the Sensex and the Nifty -- hit a record high of 62,871and 18,662.60 points, respectively.

In the last one year, the total market capitalisation of all listed firms on the BSE have risen 12 percent, from Rs 257.18 lakh crore to Rs 287 lakh crore. In dollar terms, the rise in market cap works out to 2.43 percent, to $3.50 trillion, since the last one year, Bloomberg data showed.