Mumbai, Nov 5 : The market capitalisation of publicsector companies jumped by a near Rs 26,000 crore today bouyedby positive sentiment after the government's decision todivest 10 per cent stake in all publicly traded firms.
The total market capitalisation of the 48 listed PSUs onthe Bombay Stock Exchange's PSU index soared by Rs 25,956crore to Rs 15.76 lakh crore in a single day.
On Wednesday, the market valuation of these firms stoodat Rs 15.51 lakh crore.
Shares of public sector firms were in demand on counters.Out of 48 companies in the BSE's PSU Index, 41 ended in thegreen, while 7 firms bucked the trend and closed in red.
Rashtriya Chemicals & Fertilizers led the gain among PSUstocks and ended the trade at Rs 65.90, up 12.17 per cent fromits previous close.
According to market analysts, the rise in PSU investorwealth has been due to the upbeat investor sentiment ongovernment's decision to divest 10 per cent stake in thelisted PSU entities.
Hindustan Copper advanced 9.98 per cent to close at Rs233.05 and oil major Gail India gained 6.89 per cent to closeat Rs 367.90 on the BSE.
The BSE's PSU Index gained 139.31 points or 1.67 per centto close at 8,463.77 points today.
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