Business

BSE sensex: Investor's wealth rises by Rs 3.86 lakh crore for two days with the market rally




NEW DELHI: Investor's wealth has increased by Rs 3.86 lakh crore for two days of market increase where sensex has got 872 points after the decisive mandate for BJP in the election election. The BSE key index of 30 parts has gained 871.9 points in two days. The Monday section ended 248.57 points higher at 39,683.29.

Led by the stock market rally, the market value (m-cap) of BSE-listed companies with Rs 3,86,220.41 crore rose to Rs 1,54,11,395.90 crore on BSE.

Read also: Sensex, Nifty hit record heights as rally continues at Modi's return

At the conclusion of the Thursday trading, the market value of BSE-listed companies was Rs 1[ads1],50,25,175,49 crore.

The sensex had hit his full time of 40,124.96 during the deal on May 23, the day of election results was announced.

Hemang Jani, leader (advisory), Sharekhan at BNP Paribas said: "Indian markets end the day positively. The markets continue their upward trend backed by FII (foreign institutional investor) purchases over the past two consecutive trading days The current government that goes to elections with two-thirds of the majority, will pinch the political environment of the country. "

He said the decline in global growth, trade war in the United States and China along with the increase in oil prices poses an immediate threat to the domestic markets.

"After the election, we now expect the market to return to basic issues such as earnings growth," added Jani.

From the 30-share package, 17 scrips were led by Tata Steel, YES Bank, NTPC, Larsen and Toubro, Axis Bank and State Bank of India.

Among the sectoral indices, BSE capital, power, industry, utilities, metals and realty indices were up to 3.06 percent.

In the broad market, the S & P BSE Midcap index was 1.13 percent and BSE Smallcap 1.77 percent.

On BSE 1,793 scrips were advanced, while 785 declined and 188 remained unchanged.



Source link

Back to top button