Following a rally in equities, the market capitalization of BSE-listed companies touched a new all-time high of Rs 2,33,86,397.18 crore on Thursday. (representative image)
New Delhi: Investors’ wealth rose by Rs 2,22,763.25 crore in three days of market rally, with the benchmark Sensex closing at an all-time high on Thursday.
At the end of trading, the 30-share BSE index rose 254.80 points or 0.48 per cent to 53,158.85, closing at its lifetime high. During the day, the benchmark also reached its all-time intra-day peak of 53,266.12 points.
The benchmark has gained 786.16 points in three days.
Following a rally in equities, the market capitalization of BSE-listed companies touched a new all-time high of Rs 2,33,86,397.18 crore on Thursday.
Ajit Mishra, VP – Ajit Mishra said, “Markets traded with a positive bias for the third day in a row and posted gains of nearly half a per cent. The benchmark opened marginally in the green, however, strong buying by IT and banking majors Elevated the index.” Research, Religare Broking Limited
HCL Tech was the top gainer in the pack of 30-share frontline companies, rising over 5 per cent, followed by Larsen & Toubro, Tech Mahindra, HDFC Bank and UltraTech Cement.
On the other hand, Bharti Airtel, M&M, Asian Paints and Titan were among the laggards.
In the broader market, BSE Midcap and Smallcap indices rose up to 0.43 per cent.
Sector wise, BSE Realty, Capital Goods, IT, Industrial, Metal, Basic Materials and Bankex ended up up to 4 per cent higher.
On the other hand, oil and gas, telecom, energy and auto indices fell up to 0.87 per cent.
Binod Modi, Head Strategy, Reliance Securities, said, “Benchmark indices hit new highs today with gains in domestic stocks. Continuous rebound especially in IT stocks and financials supported today’s rally.”
FacebookTwitterLinkedinE-mail
.