This magic ingredient of equal weights, when applied to one of the sturdiest indices in India, the Nifty 50 Index, becomes a great recipe for compounding one’s investments.
As per BSE data, on Monday, the listed companies market cap in total stood at over ₹258.56 lakh crore. This is lower by over ₹4.38 lakh crore compared to the previous day s print of ₹262.94 lakh crore.
On Monday, a broad-based buying was recorded across sectoral indices with oil & gas, IT, and auto stocks taking the lead. Additionally, except for cement businesses, all other Adani stocks continued to witness an upside which further bolstered the market s mood.
M-cap as of February 27th stood at over ₹257.88 lakh crore, which is the lowest level since July 2022. The last time markets were in the green was on February 16th, when the m-cap of BSE equities was around ₹268.31 lakh crore.
Domestic equities are in red since February 17th. From the last time when markets were in green which was February 16, Sensex has erased 1,855.58 points and Nifty 50 has dipped by 570.05 points in six trading sessions.