The 30-share BSE Sensex closed 228.46 points or 0.44% higher at 52,328.51 -- its new closing peak
India’s market cap-to-GDP ratio has moved from 56% in FY20 GDP and now stands at 106% (FY21E GDP) which is way above its long-term average of 75%
The cheer spreading in the stock markets is perhaps waiting for a burst once the much-anticipated economic recovery takes place.
All BSE sectoral indices closed with gains, led by bankex, finance, telecom, power and utilities gaining up to 3.73%
As Adani Group of companies led by Gautam Adani recently became India’s third conglomerate to cross $100 billion market capitalisation, it is in