Mcap of BSE-listed firms hit fresh record high of Rs 437.24 trillion

The market capitalisation of BSE-listed firms hit a new record high of Rs 437.24 lakh crore on Tuesday amid an optimistic trend in equities where the BSE Sensex maintained the record-breaking run and hit another lifetime closing high level.

Rising for the fourth straight session, the 30-share BSE benchmark climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77.

The positive trend in equities took the market capitalisation of BSE-listed firms to a new record high of Rs 4,37,24,261.40 crore (USD 5.24 trillion).

In four days, the investors' wealth has risen by Rs 10.29 lakh crore.

"Key benchmark indices continued their record-breaking spree as renewed FII buying interest coupled with moderating domestic inflation has raised hopes of a rate cut by this year-end.

"Although monsoon has made a steady start, investors are hoping for a pick-up in rain activity ove