INDIAN equity market benchmarks have rallied up to more than 20% so far this calendar year, thereby eclipsing the gain made in the full calendar year 2023 with 3 months to spare. Showing no signs of any fatigue and discarding expensive valuation concerns, the benchmark continues to hit new peaks each passing session.
The local equities again surged to new all-time highs on Thursday. The BSE Sensex closed at a record 85,836.12, up 666.25 points or 0.78%, while the Nifty 50 index gained 211.90 points or 0.81% to end at 26,216.05. So far in CY24, the Sensex has surged 18.77% while the Nifty50 has rallied 20.58%.
Investors have minted more than 107 lakh crore as the market capitalization of all BSElisted firms now stands at ₹47,834,255 crore.
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