Mcap of BSE-listed firms reach record high of Rs 294.5 trn in morning trade

The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday's morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31.

The 30-share BSE benchmark advanced 260.61 points or 0.41 per cent to hit its all-time high of 63,588.31 in morning trade.

On December 1 last year, the Sensex hit its intra-day record peak of 63,583.07.

The optimistic trend in equities helped the market capitalisation (mcap) of BSE-listed firms reach an all-time peak of Rs 2,94,49,069.63 crore in morning trade.

Buying in index majors HDFC twins and Reliance Industries helped the markets to trade firm.

"Sensex touched the all-time high mark, and Nifty 50 is a few points away from the all-time high level.

"The Indian market has seen a solid rally in the last couple of months, especially in the mid- and small-cap space, led by positive FII flows, robust economic growth versus other EM countries, strong earnings outlook, robust demand across the se