Sensex posts biggest jump since March 30, gains 2% to close at 50,540

India's m-cap on brink of $3 trillion mark as benchmark delivers best weekly show since Feb 5

The benchmark Sensex on Friday posted its biggest single-day gain since March 30, propelling India’s market capitalisation (m-cap) towards the $3-trillion mark.

The index closed at 50,540, with a gain of nearly 2 per cent, or 976 points, to cap its best week since February 5, amid strong global cues, following better-than-expected economic data and earnings. The Sensex is now just 3 per cent below its all-time high made on February 15.

A rally in the broader market has lifted the m-cap of all companies listed on the BSE to a record high of Rs 218 trillion, or $2.99 trillion. The conversion