Investors’ wealth increased by more than Rs 10 lakh crore during the boom in stock markets
New Delhi:
Equity investors’ wealth exceeded Rs 10.19 lakh crore on Monday in a three-day market rally.
On Monday, the BSE 30-share Sensex closed 1,041.08 points or 1.90 per cent higher at 55,925.74. The benchmark has jumped 2,176.48 points, or 4 per cent, in three days.
The market capitalization of BSE-listed companies rose by Rs 10,19,936.84 crore to Rs 2,58,47,092.40 crore in three days on the back of a jump in equities.
Siddharth Khemka said, “Indian markets witnessed a rally on positive global cues and early onset of monsoon, giving rise to expectations of moderation in inflation. On the global front, European and Asian markets edged higher after last Friday’s rally in the US market.” doing.” Head – Retail Research at Motilal Oswal Financial Services Ltd.
Titan gained 4.94 per cent in Sensex stocks, followed by Mahindra & Mahindra 4.69 per cent, Infosys 4.57 per cent, L&T 3.77 per cent, Tech Mahindra 3.59 per cent, HCL Technologies 3.57 per cent. TCS 3.47 per cent and Reliance Industries 3.44 per cent.
In the broader market, BSE Midcap index rose 2.28 per cent and Smallcap index rose 2.23 per cent.
All BSE sectoral indices ended higher, with consumer durables rising 4.41 per cent, followed by realty (3.96 per cent), information technology (3.75 per cent), consumer discretionary goods and services (2.85 per cent) and energy (2.72 per cent). ) was in place.
Supported by valuation relaxations and a positive trend in global peers, the domestic market is showing a near-term trend reversal. US stocks were boosted on easing inflation concerns that may set the tone for the upcoming Fed policy meeting. will be an important factor.
Vinod Nair, Head of Research, Geojit Financial Services, said: “The easing of the long-running lockdown in China helped lift sentiments in Asian markets.”
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)