Investor wealth climbed Rs 7,90,235.84 crore in five days of rally.
New Delhi:
Equity investor wealth rose Rs 7.90 lakh crore in five days of rally in the record-breaking BSE Sensex aided by unabated inflows of foreign funds and largely upbeat investor sentiment.
The 30-stock BSE Sensex rallied for the fifth session in a row, rising 274 points or 0.42 percent to settle at an all-time high of 65,479.05 on Tuesday. During the day, the benchmark rose 467.92 points, or 0.71 percent, to reach its lifetime intra-day high of 65,672.97.
Investor wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalization of BSE-listed companies also reached an all-time high of Rs 2,98,57,649.38 crore on Tuesday.
Sensex achieved more than 2,500 points in the past five sessions.
Bajaj Finance was the biggest gainer on the Sensex chart, climbing 7.17 percent, followed by Bajaj Finserv, which rose 5.76 percent. Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India and ITC were the other big winners.
Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, Tata Steel and UltraTech Cement were among the laggards.
In Asian markets, Shanghai and Hong Kong finished in the green, while Seoul and Tokyo finished lower.
Equity markets in Europe were mixed during the mid-session deals. The US stock markets ended positive on Monday.
Global oil benchmark Brent crude rose 1.43 percent to USD 75.72 a barrel.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,134.33 crore on Tuesday, according to exchange data.
FPIs pumped Rs 47,148 crore into Indian stocks in June, making it the highest inflow in 10 months.
“Markets held on as benchmark indices hit new highs, despite mixed signals from Asia and weak European markets in early trades. The buffer provided by Indian markets from strong fundamentals is offsetting some of the negative catalysts we are seeing in key developed markets economies and the strong support from the FIIs in recent weeks is proof of this,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd. PTI SUM HVA
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