Share Market: Indian stock market is booming, market cap of BSE crosses 297 lakh crores

The Indian stock market continues to grow steadily. Due to this, the market cap of all the companies listed on BSE reached a record Rs 297.94 lakh crore on Monday. BSE's benchmark Sensex managed to touch the 65,000 mark for the first time.
Today's session's BSE opened at 65,232.64 points with a gain of 514.08 points. Today was the fourth day in the Indian market when the market opened with a boom. The stock market has been in a strong uptrend for the past few days and is continuously making new higher levels. One reason for this is the HDFC-HDFC Bank merger.
At present, due to the ongoing rally in the market, the market cap of all the firms present on BSE is hovering around Rs 2,97,94,780.47 crore. On Friday, the market cap of BSE is running at Rs 296.48 lakh crore.
HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries, and Bajaj Finserv were the top gainers in the Sensex pack.
However, Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever, and Asian Paints were trading with losses.
A tremendous bullish trend is being seen in the Asian markets today. Markets in Seoul, Tokyo, Shanghai, and Hong Kong were trading in the green. US markets closed sharply on Friday. Crude oil's benchmark bench crude is at $ 75.47 per barrel. Shares worth Rs 6,397.13 crore were bought by FIIs on Friday.