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Dalal Street
Stock investors have become richer by Rs 10.47 lakh crore in two straight days of gains in markets as benchmark Sensex jumped 2 per cent. At close on Wednesday, the market capitalisation of BSE-listed companies surged by Rs 10,47,565.48 crore to Rs 4,52,58,633.53 crore (USD 5.37 trillion) in two days of gains. "The feel good factor of Trump's win in the US election had a rub-off effect on world equity markets, including local indices as domestic investors resorted to value buying, especially in IT stocks, which pushed the benchmark Sensex above the 80k mark. The market is hoping that the new regime will not hurt the HIB visa rules, leading to a rally in the recently beaten-down IT stocks," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4 per cent each on Wednesday. Tech Mahindra, HCL Technologies, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among the ...
Investors' wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27. The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones. Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy. "One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Despite selling
Dalal Street investors became richer by Rs 21 lakh crore in two days of a sharp rally in the stock market, where the BSE benchmark surged over 4 per cent. The 30-share BSE Sensex jumped 692.27 points or 0.93 per cent to settle at 75,074.51 on Thursday. In intra-day trade, the benchmark soared 915.49 points or 1.23 per cent to 75,297.73. In two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after Tuesday's massive rout. Thanks to the optimistic trend in equities, the market capitalisation of BSE-listed companies climbed Rs 21,05,298.11 crore to Rs 4,15,89,003.38 crore (USD 4.98 trillion) in two days. "With the poll-related uncertainty now almost over and the NDA ready to form the government, the mood remained upbeat for the second straight session as Sensex crossed the psychological 75k mark on the back of a splendid all-round buying support. "With the buoyancy returning to the market, the fear gauge volatility index also eased considerably and fell 11 per cent," s