Nifty rockets past 20K
7-day rally spurs Nifty to set new records; Euphoria around India’s G20 triumph improves mkt sentiment
image for illustrative purpose
Investors richer by Rs 14.67 trn
Mcap at record high of Rs 324 lakh cr
The market capitalisation (mcap) of BSE-listed firms reached an all-time high of Rs324.26 lakh crore on Monday with investors’ wealth gaining Rs14,67,416.68 crore in seven days.
In seven days, the BSE benchmark has zoomed 2,295.67 points, or 3.54 per cent. The market capitalisation of BSE-listed companies jumped to a new high of Rs3,24,26,555.38 crore.
Scaling new peak
♦ At close, Nifty up 176.4 points at 19,996.4 points
♦ Volumes on NSE on higher side compared to recent average
♦ Mid-cap index r more than the Nifty
New Delhi: Showcasing the potential and depth of the Indian stock markets, NSE Nifty advanced for the seventh straight day to log the best stretch of gains in 11 weeks and touched the all-time high level of 20,000 on Monday as euphoria around India’s G20 triumph fueled market rally. At close, Nifty was up 0.89 per cent or 176.4 points at 19,996.4 points.
The majority of sectoral indexes also saw gains, with Nifty PSU Bank and Nifty Metal leading the pack with gains of 3.13 per cent and 1.81 per cent respectively.
Volumes on the NSE were on the higher side compared to recent average. Mid-cap index rose more than the Nifty even as the advance decline ratio rose to 1.23:1. SJVN Ltd was amongst one of the top performing stock on Monday, up by 20 per cent, as its subsidiary, SJVN Green Energy’s and Bhakra Beas Management Board (BBMB) inked a power purchase agreement for an 18 MW solar power project. The project’s land parcels in Punjab and Himachal Pradesh will be developed by BBMB, he said. By August 2024, the project should be put into operation.
Adani Ports, Adani Enterprises, Apollo Hospitals, Axis Bank and Power Grid Corporation, were among the top gainer while losers included Jio Financial, Coal India, ONGC, Bajaj Finance and L&T.
