Investors’ wealth jump over Rs 6.09 lakh crore in 4 days


NEW DELHI: Equity investors got rich by 6.09,840.74 crore in four days of a market rally, where benchmarks hit their new closing highs on Tuesday.
Rising for the fourth consecutive session on Tuesday, the benchmark 30-share BSE index jumped 148.53 points or 0.25 percent to its new closing peak of 60,284.31.
In four days, the benchmark index has risen 1,094.58 points.
During this time, the market capitalization of companies listed on the BSE jumped 6.09,840.74 crore rupees to hit its all-time high of 2.68.30,387.79 crore rupees on Tuesday.
“Equity markets opened on a moderate note and witnessed volatility in line with weak global signals. However, at the last minute the indices registered some buying interest and ended the session in the green near the high but high prices of the crude of the day and a weak rupee limited earnings, “said Siddhartha Khemka, director of retail research at Motilal Oswal Financial Services Ltd.
Titan was the biggest winner, with a rally of more than 5 percent, followed by Bajaj Auto, SBI, Bajaj Finserv, Nestlé India and ITC.
By contrast, HCL Tech, Tech Mahindra, UltraTech Cement and TCS were among the laggards.
In the broader market, the mid-cap and small-cap indices rose as much as 0.65 percent.

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