Investors wealth grows by over Rs 4 trillion in 2 days of market rally


Investors’ wealth has risen by Rs 4,09,200.15 crore in two days of market rally, taking the market capitalisation of BSE-listed companies to a fresh high of Rs 235.11 lakh crore on Friday.

In the equity market, the benchmark Sensex gained 138.59 points or 0.26 per cent to close at 52,975.80.

In the previous session, the benchmark had ended 638.70 points or 1.22 per cent higher.

The market capitalisation of BSE-listed companies jumped Rs 4,09,200.15 crore in two days to reach its lifetime high of Rs 2,35,11,063.15 crore at close of trade on Friday.

“Domestic indices continued to advance ahead tracking rising global risk appetite and higher domestic inflows from local Earnings season continued to pump in optimism in India & global while the Fed is set to deliberate their easy-money policy in the meeting ahead,” said Vinod Nair, Head of Research at Geojit Financial Services.

ICICI Bank was the biggest gainer with a jump of 3.18 per cent followed by ITC, SBI, HCL Tech and Axis Bank.

On the other hand, L&T, HUL, Reliance Industries, Asian Paints and NTPC were among the laggards, falling up to 1.80 per cent.

In the broader market, the midcap and smallcap indices ended flat.

Sectorally, realty, bankex, FMCG and finance indices rose up to 1.46 per cent, while capital goods, industrials, telecom and consumer durables fell up to 0.85 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link


Please enter your comment!
Please enter your name here