‘Robust buying sentiment’: Investor wealth swells by Rs 2 lakh crores as markets rally!

By: |
August 4, 2020 7:37 PM

HDFC Bank jumped 3.94 per cent after the RBI approved the appointment of insider Sashidhar Jagdishan as the next MD and CEO of the bank. He will take over from Aditya Puri in October this year.

Stock market news, stock market gainer, stock market buy call, BSE, NSE, BSE wealth gain, NSE wealth gain, Investor wealth, India investment, BSE Sensex,Indian benchmark index, RBI, HDFC Bank, RIL, US manufacturing data, Vinod Nair, Geojit Financial Services, Reliance Industries, Sensex, Maruti Suzuki India, Axis Bank, HDFC, ICICI Bank, Bajaj Finance, Sashidhar Jagdishan, Aditya Puri, BSE energy, finance, realty, bankex, auto, healthcare, metalThe BSE Sensex soared 748.31 points or 2.03 per cent to close at 37,687.91.

Investor wealth jumped by Rs 2 lakh crore on Tuesday as markets returned to winning ways after four straight sessions of losses.

The BSE Sensex soared 748.31 points or 2.03 per cent to close at 37,687.91.

Helped by robust buying sentiment, the market capitalisation of BSE-listed companies increased Rs 2,08,395.53 crore to stand at Rs 1,48,23,563.81 crore.

“Indian benchmark indices ended the day with gains with positivity emerging post the RBI decision to approve the new CEO for HDFC Bank. Private banks and RIL supported the gains in the benchmark indices. Global cues were also mostly positive, and aided the markets, following better US manufacturing data,” said Vinod Nair, Head of Research, Geojit Financial Services.

Reliance Industries was the top gainer in the Sensex pack, surging 7.10 per cent, followed by HDFC Bank, Maruti Suzuki India, Axis Bank, HDFC, ICICI Bank and Bajaj Finance.

HDFC Bank jumped 3.94 per cent after the RBI approved the appointment of insider Sashidhar Jagdishan as the next MD and CEO of the bank. He will take over from Aditya Puri in October this year.

BSE energy, finance, realty, bankex, auto, healthcare and metal indices rallied up to 5.60 per cent.

In the broader market, the BSE mid-cap and small-cap indices jumped up to 1.23 per cent.

As many as 1,706 stocks advanced, while 933 declined and 143 remained unchanged at the BSE.

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
1Eight of top 10 valued firms lose Rs 1.57 lakh crore in market valuation
2RBI policy review, global trends to dictate stocks this week, say analysts
3Chennai EOW files FIR against arms of Franklin Templeton