The BSE Sensex closed 934.23 points or 1.81% higher at 52,532.07.
The BSE Sensex closed 934.23 points or 1.81% higher at 52,532.07.
Equity investors became rich by over ₹5.77 lakh crore on June 21, helped by a rally in the broader market where the BSE benchmark jumped nearly 2%. The BSE Sensex closed 934.23 points or 1.81% higher at 52,532.07.
Driven sharply in equities, the market capitalization of BSE-listed firms rose by ₹5,77,006.83 crore to ₹2,40,63,930.50 crore.
Vinod Nair said, “Absence of fresh sell-off triggers in the domestic and global economy as well as fall in commodity prices gave relief to the heavily discounted equity market to show recovery. Recovery indicates inflation and tightening of monetary policy. of existing uncertainties. Head of Research at Geojit Financial Services.
“However, with the highly sensitive nature of the current equity market, even the slightest discomfort can trigger volatility,” he said. From global markets, Asian stocks ended with smart gains in Hong Kong, Tokyo and Seoul, while Shanghai closed in the red. European markets were trading in the green in mid-session deals.
US markets remained closed on June 20 for a holiday. “Markets extended the rebound for the second consecutive session and gained nearly 2% tracking firm global cues. After an upbeat start, the benchmark moved strongly for most of the day, albeit marginally in the final hour. The sale eroded some of the profit.
Ajit Mishra, VP (Research), Religare Broking Ltd. said, “The move has certainly taken some of the pressure off, but consistency is key.” Titan, SBI, TCS, HCL Technologies, Dr Reddy’s, Tata Steel, Wipro, Infosys and ITC were major gainers from the Sensex pack. Only Nestle India ended with a slight decline.
In the broader market, the BSE Smallcap gauge jumped 2.99 per cent and the Midcap index rose 2.42%. All BSE sectoral indices ended with gains, with oil and gas index rising the most at 5.96%, followed by energy (4.95%), consumer durables (3.93%), metals (3.90%), realty (3.79%). and utilities (3.58%). 2,502 shares rose and 831 declined, while 129 remained unchanged.