Investors wealth zooms Rs 2.78 lakh cr in market rally

By: |
November 5, 2020 6:20 PM

Helped by across-the-board buying, the market capitalisation of BSE-listed companies rose by Rs 2,78,054.29 crore to Rs 1,62,27,243.78 crore.

All Sensex components closed in the green, with SBI emerging as the biggest gainer, rising 5.63 per cent after its Q2 results.All Sensex components closed in the green, with SBI emerging as the biggest gainer, rising 5.63 per cent after its Q2 results.

Investors wealth on Thursday zoomed by Rs 2.78 lakh crore as markets witnessed heavy buying, with the Sensex reclaiming the 41,000-mark.

The 30-share BSE benchmark jumped 724.02 points or 1.78 per cent to close at 41,340.16.

Helped by across-the-board buying, the market capitalisation of BSE-listed companies rose by Rs 2,78,054.29 crore to Rs 1,62,27,243.78 crore.

“Domestic market moved in tandem with the global market and marched to 8 months high, in expectation that the US presidential election is moving in favour of the Democratic Party,” said Vinod Nair, Head of Research at Geojit Financial Services.

All Sensex components closed in the green, with SBI emerging as the biggest gainer, rising 5.63 per cent after its Q2 results.

Tata Steel, IndusInd Bank, Bajaj Finance and Bajaj Finserv were other major gainers, rising up to 5.34 per cent.

Among BSE sectoral indices, metal rose by 4.43 per cent, followed by oil and gas (3.19 per cent), basic materials (2.57 per cent) and energy (2.39 per cent).

In the broader market, the BSE mid-cap and small-cap indices gained up to 1.74 per cent.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Sensex closes above 45k, Nifty ends at 13,258 on RBI boost
2Interest rate-sensitive stocks gain after RBI policy review
3Burger King IPO subscribed over 156 times at close; grey market premium rises over 63%