Good news for stock market investors! wealth surges by Rs 12000000000000 in 4 days due to…
Equity investors saw their wealth grow by Rs 12.26 lakh crore as stock markets rallied for the fourth consecutive day on Friday, driven by easing geopolitical tensions and a decline in international crude oil prices.
The BSE benchmark Sensex gained 303.03 points (0.36%) to reclaim the 84,000 mark, closing at 84,058.90. Earlier in the day, it had surged by 333.48 points (0.39%) to touch an intraday high of 84,089.35. In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent.
Stock Market Rally Last Week
Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days.
“Benchmark indices Nifty and Sensex closed on a firm footing in the green on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,” according to Bajaj Broking market commentary.
On Friday, as many as 2,251 stocks advanced, while 1,760 declined and 154 remained unchanged on the BSE.
Stock Market Gainers & Losers
From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Bharat Electronics, Hindustan Unilever and Sun Pharma were among the major gainers.
In contrast, Trent, Eternal, Tech Mahindra, Axis Bank and Titan were among the laggards.
Among BSE sectoral indices, oil & gas jumped 1.21 per cent, services (1.17 per cent), power (1.14 per cent), commodities (1.11 per cent), energy (1.10 per cent), utilities (0.99 per cent) and telecommunication (0.90 per cent).
(With Inputs From PTI)
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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