BSE's benchmark 30-share index, Sensex, rose to a new peak of 16616.84 points before settling 1.32% higher at a new closing high of 16564.23 points. Today's gain added more than Rs 70,000 crore to investors' wealth.
The collective market cap of the 30 Sensex scrips today stood at Rs 21,66,048 crore, led by the country's most valued firm Reliance Industries with over Rs three trillion.
The total market cap of all the companies listed at the National Stock Exchange, which has relatively lower number of listings, also rose to a new high of Rs 47,16,035 crore. NSE's 50-share benchmark Nifty scaled a new peak of 4855.70 points.
Besides the indices and market cap, as many as 94 stocks today touched their life-time highs. These stocks included Reliance Industries, SBI, IFCI, Reliance Capital, SAIL, IDBI, Grasim, Reliance Energy, GAIL, IDFC, RNRL, Reliance Petroleum, Cairn India and Reliance Industrial Infrastructure.
After breaching the 16000 level for the first time ever on Wednesday with its highest ever single day gain of 653 points, the Sensex has continued its upward journey. It added 216 points today, following a modest 25-point rise yesterday.
Total investor wealth rose Rs 5,00,000 crore in little over two months during the Sensex's journey from 15000 to 16000.
The market value of all BSE companies was about Rs 44,02,000 crore on July 6 when the Sensex hit 15000.