Bull Market Surge Pushes BSE-Listed Firms' Valuation Over Rs 450 Lakh Crore
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Mumbai, Dec 4 (NationPress) The current upswing in the Indian stock market has once again allowed the market capitalization of companies listed on the Bombay Stock Exchange (BSE) to exceed Rs 450 lakh crore.
The Sensex and Nifty have surged more than 4 percent over the last three trading sessions.
During this time frame, the total market cap of all firms listed on the BSE has jumped by over Rs 10 lakh crores. Presently, the collective market cap of these listed entities is more than Rs 454 lakh crore.
The Indian stock market also continues to rise in today’s trading session. As of 01.16 p.m., the Sensex stood at 81,008, reflecting a gain of 163 points or 0.20 percent, while the Nifty reached 24,487 with an increase of 29 points or 0.13 percent.
Stocks such as HDFC Bank, Persistent Systems, Info Edge (Naukri), Dixon Technologies, Oberoi Realty, PB Fintech (Policybazaar), Caplin Point Laboratories, eClerx Services, Affle (India), Deepak Fertilizers & Petrochemicals, and Keynes Technology India are trading near their all-time highs.
The market sentiment remains broadly bullish.
The Bank Nifty is currently leading the charge, standing at 53,054 with a gain of 361 points or 0.68 percent.
Market analysts have noted that the market signals are somewhat ambiguous. It has disregarded the significant slowdown in Q2 GDP growth. Despite the considerable selling pressure from FIIs and potential challenges stemming from the Trump administration, the market remains robust. Valuations are high, with the Nifty trading approximately 20 times the projected FY26 earnings. Given this scenario, investors are encouraged to adopt a cautious approach to investing, focusing on proper asset allocation.
"As the market demonstrates resilience in the face of obstacles, maintaining investment is a sensible strategy. Investors with a lower risk tolerance might consider reallocating some funds from overvalued mid and small-cap stocks to large-cap stocks and debt instruments," one expert advised.
