New Delhi: Investors’ wealth jumped Rs 5,03,649.75 crore in a three-day rally in equities, taking the market capitalization of BSE-listed firms to a new record high of Rs 2,67,24,196.80 crore.
BSE’s 30-share benchmark closed at a record high of 60,135.78 on Monday, up 76.72 points or 0.13 per cent.
During the day, it jumped 417.07 points to reach its all-time high of 60,476.13.
The benchmark has gained 946.05 points in three days and the market capitalization of BSE-listed companies has also jumped by Rs 5,03,649.75 crore.
“The domestic market continued its rally supported by gains in banking, power, realty and auto sectors. However, indices gave early gains following weakness in global peers on rising commodity prices and the upcoming earnings season, prompting investors to gain momentum. Forced to trade cautiously, said Vinod Nair, Head of Research, Geojit Financial Services.
Maruti was the biggest gainer in the pack of BSE 30-share benchmark frontline companies, rising nearly 4 per cent, followed by PowerGrid, ITC and NTPC.
TCS was the biggest laggard, falling over 6 per cent, as the company’s second-quarter earnings missed road expectations.
Among other laggards, Tech Mahindra, Infosys and HCL Tech fell up to 2.76 per cent.
Midcap and smallcap indices rose up to 0.60 per cent in the broader market.
BSE’s 30-share benchmark closed at a record high of 60,135.78 on Monday, up 76.72 points or 0.13 per cent.
During the day, it jumped 417.07 points to reach its all-time high of 60,476.13.
The benchmark has gained 946.05 points in three days and the market capitalization of BSE-listed companies has also jumped by Rs 5,03,649.75 crore.
“The domestic market continued its rally supported by gains in banking, power, realty and auto sectors. However, indices gave early gains following weakness in global peers on rising commodity prices and the upcoming earnings season, prompting investors to gain momentum. Forced to trade cautiously, said Vinod Nair, Head of Research, Geojit Financial Services.
Maruti was the biggest gainer in the pack of BSE 30-share benchmark frontline companies, rising nearly 4 per cent, followed by PowerGrid, ITC and NTPC.
TCS was the biggest laggard, falling over 6 per cent, as the company’s second-quarter earnings missed road expectations.
Among other laggards, Tech Mahindra, Infosys and HCL Tech fell up to 2.76 per cent.
Midcap and smallcap indices rose up to 0.60 per cent in the broader market.
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