BSE market cap at a new all-time high of Rs. 280.58 lakh crores

Views of Mr. Dhiraj Relli, MD & CEO, HDFC Securities on the BSE market cap hitting new all-time high

"Recent gains in Indian indices have been helped by a combination of factors including encouraging macro data, fall in commodity prices, slowing inflation that may lead to central banks globally softening their monetary policy stance earlier than expected etc. Return of buying by FPIs has also helped. The steepness of the rally from the lows of June 2022 without any major correction on the way has been beyond the expectations of most investors. This also reflects the relative strength of the Indian markets amidst the global turmoil. The confidence of retail investors has been reinforced. While some stocks are still much below their recent highs, this is a normal phenomenon with sectors and stocks taking turns to perform. Investors now eagerly await the Nifty touching all-time highs, while some skeptical investors feel that this may be a bear market rally. The investor may take appropriate action to review their portfolio and take some profit off the table in the coming few weeks. Some skeptical investors feel that this may be a bear market rally. The investors may take appropriate action to review their portfolio and take some profit off the table in the coming few weeks."

Source : Equity Bulls

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BSE MarketCap AllTimeHigh