Following an encouraging sentiment, the m-cap of BSE-listed firms rose by Rs 2,19,283.79 crore to hit an all-time high of Rs 2,31,74,726 crore in two days. (representative image)
New Delhi: Investor wealth has soared by Rs 2.19 lakh crore in two days of market rally, with the market capitalization of companies listed on BSE reaching a new record of Rs 2,31,74,726 crore.
The 30-share Sensex of the BSE closed at 52,880 with a gain of 395.33 points or 0.75 per cent on Monday, with the gain of the second consecutive session. The benchmark had closed 166.07 points higher on Friday.
Following an encouraging sentiment, the market capitalization of BSE-listed firms rose by Rs 2,19,283.79 crore to hit an all-time high of Rs 2,31,74,726 crore in two days.
Siddharth Khemka, Head of Retail, said, “The overall sentiment was positive on the back of signs of decline in Covid-19 infections and higher availability of vaccines. Expectations of continued reopening of the economy led to buying in sectors that have been hit hardest by Covid. were impressed.” Research, Motilal Oswal Financial Services.
In Monday’s trade, State Bank of India was the biggest gainer among the pack of 30 frontline companies, rising 1.92 per cent, followed by Tata Steel, L&T, Bajaj Finserv, Larsen & Toubro and Axis Bank.
In contrast, Tech Mahindra, Dr Reddy’s, HCL Tech, Titan, Bharti Airtel and TCS were among the laggards, falling up to 1.34 per cent.
In the broader market, BSE Midcap and Smallcap indices rose up to 0.78 per cent.
From the sectoral index, only power ended lower, while realty topped the chart with a gain of 2.84 per cent, followed by metal with a gain of 1.49 per cent.
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