New Delhi: Four-day rally in equities made investors rich by over Rs 12.74 lakh crore with benchmark Sensex Gained 5.15 per cent to score 58,000 marks. The 30-share benchmark of BSE closed at 58,115.50 on Monday, up 545.25 points or 0.95 per cent. The benchmark ended above the 58,000 level for the first time since April 13 this year.
The BSE benchmark has jumped 2,847.01 points or 5.15 per cent in four days.
Helped by continued optimism in equities, the market capitalization of BSE-listed firms rose by Rs 12,74,885.77 crore to Rs 2,70,29,915.21 crore on Monday in four days.
“Strong global cues from select frontline automobile companies and optimistic vehicle sales numbers fueled another round of rally in domestic equities,” said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd.
In addition, the return of foreign institutional investors Chouhan said that some enthusiasm among investors has returned in the local equity markets as well.
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 2,320.61 crore on Monday, according to exchange data.
Deepak Jasani, Head of Retail Research, HDFC Securities said, “Positive global cues led the market to rally for the fourth consecutive session. foreign inflow,
Mahindra & Mahindra Sensex on Monday topped the gainers pack, rising 6.15 per cent after the company reported a 33 per cent rise in domestic passenger vehicle sales last month.
Reliance Industries, Maruti Suzuki, Kotak Mahindra Bank, Bharti Airtel, NTPC, PowerGrid and UltraTech Cement were among other gainers.
In the broader market, the BSE Midcap gauge rose 1.51 per cent and the Smallcap index rose 1.47 per cent.
All BSE sectoral indices ended in the green with a gain of 3.43 per cent, followed by utilities (3.38 per cent), auto (3.23 per cent), telecom (2.49 per cent), industry (2.31 per cent) and energy (2.10 per cent). Stayed. Percent).
The BSE benchmark has jumped 2,847.01 points or 5.15 per cent in four days.
Helped by continued optimism in equities, the market capitalization of BSE-listed firms rose by Rs 12,74,885.77 crore to Rs 2,70,29,915.21 crore on Monday in four days.
“Strong global cues from select frontline automobile companies and optimistic vehicle sales numbers fueled another round of rally in domestic equities,” said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd.
In addition, the return of foreign institutional investors Chouhan said that some enthusiasm among investors has returned in the local equity markets as well.
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 2,320.61 crore on Monday, according to exchange data.
Deepak Jasani, Head of Retail Research, HDFC Securities said, “Positive global cues led the market to rally for the fourth consecutive session. foreign inflow,
Mahindra & Mahindra Sensex on Monday topped the gainers pack, rising 6.15 per cent after the company reported a 33 per cent rise in domestic passenger vehicle sales last month.
Reliance Industries, Maruti Suzuki, Kotak Mahindra Bank, Bharti Airtel, NTPC, PowerGrid and UltraTech Cement were among other gainers.
In the broader market, the BSE Midcap gauge rose 1.51 per cent and the Smallcap index rose 1.47 per cent.
All BSE sectoral indices ended in the green with a gain of 3.43 per cent, followed by utilities (3.38 per cent), auto (3.23 per cent), telecom (2.49 per cent), industry (2.31 per cent) and energy (2.10 per cent). Stayed. Percent).