Six-Day Rally Results In Over Rs 27 Lakh Crore Gains For Investors
Over the course of six trading days, the BSE benchmark gauge has jumped 4,155.47 points, or 5.62%.
The ongoing rally in the stock markets has made investors richer by Rs 27.10 lakh crore. And with the upswing continuing for the sixth trading session on Monday, the BSE Sensex has risen by nearly 6%.
The 30-share BSE bellwether gauge jumped 1,078.87 points, or 1.40%, to settle at an over six-week high of 77,984.38 on Monday. During the day, the Sensex zoomed 1,201.72 points, or 1.56%, to 78,107.23.
Over the course of six trading days, the BSE benchmark gauge has jumped 4,155.47 points, or 5.62%.
During this period, the market capitalisation of BSE-listed firms increased by Rs 27,10,918.98 crore to Rs 4,18,29,351.91 crore.
"Benchmark indices extended gains for the sixth straight session on Monday, on positive global cues, building on the positive momentum from last week as bargain hunting continued. Broader mid- and small caps, as well as all major sectors, ended the day with strong gains in a continued broad-based rebound," Satish Chandra Aluri, analyst, Lemonn Markets Desk, said.
He added that after posting the best weekly gain in more than four years, last week, benchmarks continued their uptrend supported by positive global cues as Trump appeared to soften his tone on reciprocal tariffs set to take effect on April 2.
According to Aluri, continued foreign buying in recent sessions, along with a weakening dollar, lifted expectations of renewed buying interest after a valuation correction.
Among the Sensex companies, NTPC Ltd., Kotak Mahindra Bank Ltd., State Bank of India, Tech Mahindra Ltd., Power Grid Corp., Bajaj Finserv Ltd., Axis Bank Ltd., HCL Technologies Ltd., Reliance Industries Ltd. and Bajaj Finance Ltd. were the biggest gainers.
Titan Co., IndusInd Bank Ltd., Zomato Ltd., Mahindra & Mahindra Ltd., Bharti Airtel Ltd., Nestle India Ltd. and Infosys Ltd. were the laggards.
While the BSE midcap gauge jumped 1.32%, the smallcap index climbed 1.17%.
All BSE sectoral indices ended higher, with bankex rallying 2.53%, utilities (2.42%), power (2.31%), industrials (2%), financial services (1.97%), capital goods (1.95%) and realty (1.51%).
—With PTI inputs
