Stock mkt Investors get richer by Rs 16.70 lakh cr
Investor wealth has jumped over Rs 16.70 lakh crore in six days as markets extended its winning streak to the sixth session on Monday.
image for illustrative purpose
New Delhi: Investor wealth has jumped over Rs 16.70 lakh crore in six days as markets extended its winning streak to the sixth session on Monday.
The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday. During the day, the benchmark index jumped to its all-time high of 51,523.38.
Markets have been gaining since February 1 (Budget day). Since February 1, the market capitalisation of BSE-listed companies has zoomed Rs 16,70,154.05 crore to reach Rs 2,02,82,798.08 crore, its new record high. During this time, the 30-share BSE index has gained 5,063 points or 10.93 per cent.
Geojit Financial Services Head (Research) Vinod Nair said, "Strong global cues supported the domestic rally. The overall market is maintaining its buoyancy with rally in all sectors especially auto, IT and metals. Improved domestic outlook is encouraging sustained FPI inflows."
