Top Companies Drive Market Valuation Surge on BSE
Despite being a long weekend, the stock market performed well on BSE. Even the combined market valuation of top companies surged up to Rs 67,259.99 crore. Seven of the 10 most valued firms are responsible for this growth including Reliance Industries which appeared as the biggest gainer, amidst an overall positive trend in equities. It is worth noting that last week, the stock market was open for only three trading sessions. On Monday, March 25 the market was closed due to Holi and on Friday it was closed due to Good Friday.
Share Market Highlights Of The Final Trading Day Of FY24
The Indian stocks raised on Thursday, 29 March 2024 which was the final trading day of FY24. The BSE Sensex surged 655.04 points or 0.90 per cent to shut down at 73,651.35. On the other hand, NSE Nifty climbed 203.25 points or 0.92% to close at 22,326.90. Speaking about the BSE benchmark, it surged up to 819.41 points or 1.12%. BSE stocks advanced by 1,989 against 1,808 declines, with 96 unchanged. 128 stocks were recorded as a 52-week high and 139 stocks were settled down in a 52-week low.
Market Valuation Of Most Valued Companies
Speaking about the market valuation of Reliance Industries, this firm is the biggest gainer as the market valuation of this firm has climbed up to Rs 45,262.59 crore amounting to Rs 20,14,010.63 Crore.
The valuation of the State Bank of India jumped Rs 5,533.26 crore to reach Rs 6,71,666.29 crore.
The next company whose market valuation has increased is Life Insurance Corporation of India. LIC added Rs 5,218.12 crore to reach Rs 5,78,484.29 crore.
