Mumbai, Sep 18
The combined value of all Bombay Stock Exchange-listed companies has crossed Rs 465 lakh crore, marking its highest level in 11 months.
This surge was fuelled by a widespread rally and renewed optimism regarding the resumption of India–US trade talks and the US Fed rate cut. The figure is currently just 2.7 per cent shy of the all-time peak recorded on September 27, 2024, with nearly Rs 20 lakh crore added since the beginning of September.
Potential easing by the Reserve Bank of India (RBI) in October also boosted investor sentiments, as domestic inflation showed signs of softening.
Benchmark indices Sensex and Nifty rose around 3.5 per cent this month, closing the gap to record highs seen on September 26 2024.