As markets reach all-time highs, investors’ wealth increased by ₹ 2.4 lakh crore this morning.

Due to consistent inflows of foreign funds, the major benchmark indices, Sensex and Nifty, reached new heights in morning trade today, making equity investors richer by ₹ 2.4 lakh crore.

According to analysts, over the past seven days, foreign institutional investors have consistently bought instead of selling. They claimed that institutional confidence in the Indian market is reflected in this momentum.

Early trading saw the 30-share BSE Sensex rise 169.94 points, or 0.25 percent, to a new peak of 69,035.06. In addition, the Nifty increased by 52.60 points, or 0.25 percent, to reach its highest point to date of 20,739.40.

In the wake of the rally, the market capitalization of companies listed on the BSE surged by ₹ 2.4 lakh crore, from ₹ 343.48 lakh crore on Monday to ₹ 345.88 lakh crore in early trade on Tuesday.

Adani Enterprises and Adani Ports, two Sensex companies, maintained their upward trend and saw increases of 4.40 percent and 4.37 percent, respectively. The other significant winners were Axis Bank, SBI, BPCL, and Mahindra & Mahindra.

Within the 30-share benchmark, up to 20 stocks were trading in the positive territory. There were 29 shares of Nifty stocks that saw gains.

The wealth of investors has increased by ₹ 17.16 lakh crore in just six trading sessions.

The BSE smallcap index increased by 0.50 percent and the midcap gauge by 0.54 percent in the overall market.

On November 29, the combined market valuation of all BSE-listed companies crossed the USD 4 trillion threshold for the first time ever.

On Friday, the market capitalization of NSE-listed companies crossed the USD 4 trillion (Rs 334.72 trillion) threshold for the first time ever.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd., stated that Indian stocks surged more than 400 points to reach all-time highs in celebration of the BJP’s resounding victory in the three states.

“The market momentum was enhanced by the BJP’s resounding victory, solid macroeconomic data, and a reduction in expectations for interest rates globally. From its low of 18,837 on October 23, the Nifty has increased by 1,865 points, or 10%.

Given how strong the current pre-election rally is, we anticipate that market sentiment will continue to rise. We anticipate continued success in BFSI, Industrials, Real Estate, Auto, and Consumer Discretionary given the government’s emphasis on long-term capital expenditure in these and other important sectors, Khemka continued.

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *