Mumbai, Dec 4 (IANS) With the ongoing rally in the Indian stock market, Bombay Stock Exchange (BSE) listed companies’ market cap has once again crossed Rs 450 lakh crore.
Sensex and Nifty soared more than 4 per cent in the last three trading sessions.
During this period, the market cap of all listed firms on BSE has increased by more than Rs 10 lakh crores. Currently, the market cap of all the listed companies on BSE is more than Rs 454 lakh crore.
The Indian stock market is also witnessing a rise in Wednesday’s trading session. At 01.16 p.m., the Sensex was at 81,008 with a gain of 163 points or 0.20 per cent and the Nifty was at 24,487 with a gain of 29 points or 0.13 per cent.
Stocks like HDFC Bank, Persistent Systems, Info Edge (Naukri), Dixon Technologies, Oberoi Realty, PB Fintech (Policybazaar), Caplin Point Laboratories, eClerx Services, Affle (India), Deepak Fertilizers & Petrochemicals, and Keynes Technology India are trading close to their all-time highs.
The market remains broadly bullish.
Bank Nifty is leading it. It is currently at 53,054 with a gain of 361 points or 0.68 per cent.
According to market experts, the signals from the market are a bit confusing. It has ignored the sharp slowdown in Q2 GDP growth. It remains resilient despite the massive FII selling and the many likely headwinds from the Trump presidency. The valuations are elevated with Nifty trading around 20 times the estimated FY26 earnings. In this context, investors should adopt a cautious investment strategy with asset allocation as the underlying principle, they advised.
“Since the market has been resilient amidst challenges, it makes sense to remain invested. Those investors with lower risk appetite can think of moving some money from the overvalued mid and smallcaps to largecaps and also to debt,” an expert added.
–IANS
avs/v d
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
