The record-breaking rally in the market made investors Rs 9.68 lakh crore rich in five days. india business news
New Delhi: Dalal Street Investors became richer by Rs 9.68 lakh crore in five days market rallyWhere the Sensex crossed the historic 73,000 mark for the first time and reached a new record peak. Market capitalization Number of BSE-listed companies at all-time high of Rs 376 lakh crore. 30-share BSE On Monday, the Sensex jumped 759.49 points or 1.05 per cent to close at a new closing level of 73,327.94. During the day, it jumped 833.71 points or 1.14 percent to its all-time peak of 73,402.16.
The BSE benchmark rose 1,972.72 points or 2.76 per cent in five days. During this period, investors’ wealth increased by Rs 9,68,544.93 crore and reached a new record high of Rs 3,76,09,510.01 crore.
Shauryam said, “It is a historic day for the Indian stock market as Nifty crossed the 22,000 level. Better than expected results from IT majors have indicated that this could be the bottom of the underperformance of IT stocks. Is.” Gupta, CEO, Rupeezy.
Sensex companies on Monday wipro There was a jump of more than 6 percent after the IT company’s December quarter earnings were better than estimates.
Other major gainers were HCL Technologies, Infosys, Bharti Airtel, Tech Mahindra, HDFC Bank and Reliance Industries.
HCL Technologies on Friday reported 6.2 per cent rise in consolidated net profit to Rs 4,350 crore in the three months ended December 2023, the highest on a quarterly basis, due to growth in both services and software businesses.
Bajaj Finance, Bajaj Finserv, Larsen & Toubro, Tata Motors, Tata Steel and Axis Bank were among the laggards.
“Nifty and Sensex hit new record highs due to favorable macroeconomic and geopolitical factors,” said Prashant Tapse, senior vice president (research), Mehta Equities Ltd.
In the broader market, the BSE midcap gauge rose 0.67 per cent and the smallcap index rose 0.11 per cent.
Among the indices, IT 1.79 per cent, Tech 1.79 per cent, Oil & Gas (1.70 per cent), Energy (1.66 per cent), Telecom (1.41 per cent) and Financial Services (0.81 per cent) rose.
Commodities and metals were laggards.
The BSE benchmark rose 1,972.72 points or 2.76 per cent in five days. During this period, investors’ wealth increased by Rs 9,68,544.93 crore and reached a new record high of Rs 3,76,09,510.01 crore.
Shauryam said, “It is a historic day for the Indian stock market as Nifty crossed the 22,000 level. Better than expected results from IT majors have indicated that this could be the bottom of the underperformance of IT stocks. Is.” Gupta, CEO, Rupeezy.
Sensex companies on Monday wipro There was a jump of more than 6 percent after the IT company’s December quarter earnings were better than estimates.
Other major gainers were HCL Technologies, Infosys, Bharti Airtel, Tech Mahindra, HDFC Bank and Reliance Industries.
HCL Technologies on Friday reported 6.2 per cent rise in consolidated net profit to Rs 4,350 crore in the three months ended December 2023, the highest on a quarterly basis, due to growth in both services and software businesses.
Bajaj Finance, Bajaj Finserv, Larsen & Toubro, Tata Motors, Tata Steel and Axis Bank were among the laggards.
“Nifty and Sensex hit new record highs due to favorable macroeconomic and geopolitical factors,” said Prashant Tapse, senior vice president (research), Mehta Equities Ltd.
In the broader market, the BSE midcap gauge rose 0.67 per cent and the smallcap index rose 0.11 per cent.
Among the indices, IT 1.79 per cent, Tech 1.79 per cent, Oil & Gas (1.70 per cent), Energy (1.66 per cent), Telecom (1.41 per cent) and Financial Services (0.81 per cent) rose.
Commodities and metals were laggards.
