Investors gain Rs. 5.75 lakh cr in just 2 sessions
Mcap of BSE listed cos at lifetime high of Rs240 lakh cr
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New Delhi: Investors grew richer by Rs 2.30 lakh crore, with market capitalisation of all BSE-listed reaching a lifetime high of Rs 2,40,04,664.28 crore driven by a rally in stocks, where the benchmark index BSE Sensex also hit its lifetime peak of 53,823.36 points. Investors' wealth soared by over Rs5.75 lakh crore in just two sessions. In the previous session on Monday, the BSE Sensex rallied 363.79 points or 0.69 per cent. Investors' wealth also gained by more than Rs3,45,729.69 crore since Friday's close.
Rising for the second straight session, the 30-share BSE benchmark Sensex ended 872.73 points or 1.65 per cent higher at its fresh closing record of 53,823.36. Similarly, the broader NSE Nifty rallied 245.60 points or 1.55 per cent to an all-time peak of 16,130.75.
From the 30-share frontline companies pack, Titan was the biggest gainer with a jump of nearly 4 per cent followed by Sun Pharma, Bharti Airtel, HDFC, IndusInd Bank and Asian Paints. "Fundamental support to the bulls has been coming from good corporate results. Now, the macros are turning very positive with the declining fiscal deficit, rising tax collections, and now the excellent performance in exports.
