**Mumbai: Market Capitalisation of BSE-Listed Companies Crosses Rs 465 Lakh Crore**
The combined market value of all Bombay Stock Exchange (BSE)-listed companies has surged past Rs 465 lakh crore, marking its highest level in 11 months. This milestone reflects renewed optimism driven by a widespread rally in the stock markets.
The recent upswing was fuelled by hopes of a resumption in India–US trade talks and expectations of a US Federal Reserve interest rate cut. Currently, the market capitalisation stands just 2.7 per cent below the all-time peak recorded on September 27, 2024, with nearly Rs 20 lakh crore being added since the beginning of September.
Investor sentiments also received a boost amid speculations about a potential policy rate easing by the Reserve Bank of India (RBI) in October, supported by signs of softening domestic inflation.
Benchmark indices have followed suit with strong gains. The Sensex and Nifty rose approximately 3.5 per cent this month, narrowing the gap to their record highs from September 26, 2024.
State-owned companies played a significant role in the rally, propelling the BSE PSU Index up by 7.5 per cent. Other key indices also recorded solid gains: the BSE 500 index gained 5 per cent, BSE Auto rose 9 per cent, BSE Bankex increased by 6.8 per cent, BSE Metal added 8.1 per cent, and Oil & Gas segments grew by 4.5 per cent.
Mid-cap and small-cap stocks mirrored this positive trend, with the BSE MidCap index climbing 4.7 per cent and the SmallCap index edging up 6 per cent.
Market analysts noted that the Indian stock market is unlikely to be significantly impacted by upcoming US Fed decisions. Instead, the ongoing rally is largely driven by expectations of a revival in corporate earnings.
Experts forecast a strong earnings growth of over 15 per cent for Indian corporates in FY27, buoyed by GST reforms. This is expected to trigger a positive turnaround in foreign portfolio investment (FPI) sentiments.
However, some analysts caution that while valuations are currently high, earnings momentum appears set to accelerate, particularly in sectors such as banking, non-banking financial companies (NBFCs), and consumer sectors.
Meanwhile, the Nifty 50 index maintained a firm footing above the 25,300 mark in the previous trading session, reinforcing psychological strength and indicating investor confidence at higher levels.
Analysts suggest that the index has the potential for further upside momentum, with resistance anticipated around the 25,400–25,500 zone, while support levels remain intact between 25,000 and 24,900.
*(Note: Except for the headline, this article has not been edited by FPJ’s editorial team and is auto-generated from an agency feed.)*
https://www.freepressjournal.in/business/combined-value-of-listed-firms-on-bse-hits-11-month-high-at-465-lakh-crore
