BSE-listed companies’ market value falls below ₹450 lakh crore for the first time since April

The combined market value of BSE-listed companies fell below ₹450 lakh crore on Friday for the first time since April, with BSE data showing it below ₹4.48 lakh crore at 1 PM IST. Nearly ₹25 lakh crore was wiped off the value of BSE-listed companies during the holiday-shortened week. The Sensex and Nifty fell for a fourth straight session on Friday.

BSE-listed companies’ value falls below ₹4.48 lakh crore at 1 PM IST

BSE data showed that the combined market value of BSE-listed companies was below ₹450 lakh crore on Friday for the first time since April.

At 1 PM IST on Friday, the market value was below ₹4.48 lakh crore, BSE data showed.

Nearly ₹25 lakh crore was erased from the combined market value of BSE-listed companies during the week, BSE data showed.

Sensex and Nifty fall more than 1% in the fourth session

Friday’s decline came as selling pressure intensified during the holiday-shortened week. BSE data showed the Sensex fell more than 1%, while NSE data showed the Nifty also fell more than 1%.

The two indices recorded losses for a fourth straight session on Friday, with BSE and NSE data showing the continued decline.

NSE data showed the Nifty Midcap and Nifty Smallcap indices fell by up to 4% on Friday as the broader market selloff deepened.

BSE-listed companies’ market value moved from ₹412 lakh crore to ₹494 lakh crore

BSE data showed the combined market value of BSE-listed companies had risen to ₹494 lakh crore in August.

Before that, the combined market value of BSE-listed companies had fallen to ₹412 lakh crore in March, BSE data showed.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said large-cap companies were signalling resilience as the broader market declined.

V K Vijayakumar cites more than ₹3 lakh of IPO money by the following Monday

V K Vijayakumar said more than ₹3 lakh of IPO money would return after allotment was completed by the following Monday.