Investor wealth rises Rs. 6trn in 2 sessions
Investor wealth surged Rs 6,02,001.9 crore in two days of market rally, which was supported by positive global cues.
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New Delhi: Investor wealth surged Rs 6,02,001.9 crore in two days of market rally, which was supported by positive global cues.
Driven by the rally, markets closed on Monday for Holi, the market capitalisation (mcap) of BSE-listed companies soared by Rs 6,02,001.9 crore to Rs 2,04,77,472.33 crore in two trading days. "Beating worries of increasing Covid cases and rising bond yields, the domestic market sparked a rally today as investors turned their focus to economic recovery supported by vaccination drives. Positive openings seen in Asian and European markets also helped in boosting optimism in the Indian market," Vinod Nair, head (research) at Geojit Financial Services, said. "On Tuesday, Indian equity benchmarks made an optimistic start after coming back from a long weekend holiday, tracking gains in Asian peers," Vishal Wagh, head (research) at Bonanza Portfolio, said.
HDFC Bank was the lead gainer among the 30-share BSE index stocks, rising 4.11 per cent. HCL Tech climbed 3.91 per cent, Infosys (3.69 per cent), Hindustan Unilever Ltd (3.59 per cent) and NTPC (3.4 per cent). On the other hand, M&M, Axis Bank and Bharti Airtel were the laggards.
In the broader market, the midcap and smallcap indices gained up to 1.30 per cent. All BSE sectoral indices closed on a positive note with IT, teck, metal, healthcare, FMCG, basic materials and finance rallying up to 3.51 per cent.
