India's market capitalisation hits new record high of Rs 280.5 trillion

Surpasses January mark with key contributions from newly-listed LIC, Adani Wilmar

The benchmark Sensex is 2.4 per cent shy of a new lifetime high but the market capitalisation (m-cap) of all companies listed on the BSE is already in the record books. At Thursday’s closing price, the total m-cap of 4,776 firms on the BSE stood at Rs 280.5 trillion, surpassing the previous high of Rs 280 trillion on January 17.

This, even if the Nifty Midcap 100 is currently 5.4 per cent below its lifetime high, while the Nifty Smallcap 100 index is down over 20 per cent. Achieving the highest-ever m-cap value can be partly attributed to this year’s