Overall market cap of BSE listed shares surged to Rs 391.69 lakh crore
or $4.72 trillion, making investors richer by Rs 2.20 lakh crore
Haighlights
» In the BSE Midcap rose by 0.29 per cent while BSE SmallCap gained 0.77%, beating bigger peers. The BSE largecap was up 0.35%» Among sectoral indices, BSE Telecom rose by 1.52%, BSE Utilities by 1.29%, BSE Consumer Durables by 1.76%, BSE Services by 1.22%, and FMCG by 0.84%
» Key stock indices dlosed in the green for the fifth straight day on Monday, gaiing around 2.3 per cent
OUR CORRESPONDENT
MUMBAL: Stock markets
closed higher for the fifth con- secutive day on Monday with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG
shares.
The 30-share BSE Sensex rose by 281.52 points or 0.39 per cent to close at 72,708.16. As many as 17 Sensex shares
advanced while 13 closed in
the red. After a firm start, the
index hit a high of 72,881.93
in day trade. “The broader Nifty closed at
its all-time high of 22,122.25
points, up by 81.55 points or
037 per cent from the last
close.
‘The 50-issue barometer also scaled its intra-day record high of 22,186.65 helped by gains in pharma, banking and oil shares. As many as 27 Nifty shares posted gains while 23
declined. Among sectoral indices, BSE Telecom rose by 1.52 per cent, BSE Utilities by 1.29 per cent, BSE Consumer Durables by 1.76 per cent, BSE Services by 1.22 per cent, and FMCG by 0.84 per cent. Among losers, BSE Metal dropped 0.87 per cent, Realty
by 0.63 per cent, Capital Goods by 0.62 per cent, and IT by 0.26 per cent. Key stock indices
closed in the green for the fifth
straight day on Monday, gain- ing around 2.3 per cent.
Overall market capitalisa- tion of BSE listed shares surged
to Rs 391.69 lakh crore or $4.72
trillion, making investors richer by Rs 2.20 lakh crore. Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle were the lead gainers. On the other hand, L&T Wipro, IndusInd Bank and
TCS and Tata Motors were the
lead losers.
Vinod Nair, Head of
Research, Geojit Financial
Services, said, “Despite an
unattractive risk reward, the
broader market continued its
outperformance in expectation of improvements in private capex and optimism about
political stability.
“Benign input costs and
expectations of a pickup in
rural demand will aid corporate earnings growth”
Key Asian markets were
mixed. Hong Kong’s Hang Seng
fell 0.8 per cent, Tokyo's Nikkei 225 lost 0.04 per cent while
the Shanghai Composite index
gained 1.4 per cent.
US market are closed on
Monday on account of Presidents Holiday.
On Friday, US stocks closed
in the red, with all three major
indices logging weekly losses,
as investors assessed inflation readings and company
earnings.
On Friday, Foreign Portfolio Investors (FPIs) were net
buyers as they purchased securities worth Rs 253.28 crore,
according to exchange data.
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