Indian stock market capitalization surpasses $4 trillion, Sensex soars

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Indian stock market capitalization surpasses $4 trillion, Sensex soars
Credit: © Reuters.

The Indian stock exchange landscape reached a significant milestone as BSE-listed entities crossed the $4 trillion mark in market capitalization today. The Sensex index surged by 728 points, closing at 66,902, while the Nifty index rose by 207 points to 20,097. The rally was led by various sectors, with notable performances from Tata Motors (NS: TAMO ) (NYSE: TTM ), healthcare, and energy stocks.

Tata Motors saw its share price reach record levels at Rs 712.15, a surge attributed to the buzz around its subsidiary's impending public offering.

In the energy sector, oil company stocks achieved yearly highs as investors reacted to the upcoming OPEC conference. The details of the conference remain under close watch, as outcomes could significantly impact global oil prices and energy stocks.

The healthcare sector also witnessed significant movement. Aster DM Healthcare (NS: ATRD )'s shares soared by 19% to Rs 396.15, while Yatharth Hospitals experienced an 11% drop to Rs 386 following a new government mandate.

Siemens (NS: SIEM ), despite posting positive quarterly results, saw a marginal drop in its share price to Rs 3630. Similarly, Lemon Tree (NS: LEMO ) Hotels' shares declined slightly to Rs 113.9 after news of an executive resignation.

Meanwhile, Hinduja Global (NS: HGSL ) Solutions' stock inched up by 1% to Rs 955.3 amidst financial scrutiny by tax authorities, indicating investor confidence despite the ongoing investigations. Capacite Infra's shares dipped over 1% to Rs 255.8, even though the company secured a lucrative deal.

IREDA's equity surged by an impressive 87% to Rs 60 after a successful initial public offering (IPO).

In the food delivery space, Zomato (NS: ZOMT )'s valuation improved by over 2% to Rs 116.6, triggered by significant trading activity early in the session.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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