Investors’ wealth jumps over Rs 10
时间:2024-06-16 19:24:59 阅读(143)
Equity investors became richer by over Rs 10.43 lakh crore in the past five days, as markets continued their winning momentum helped by foreign fund inflows and stable global trends. The market capitalisation of BSE-listed firms have surged Rs 10,43,216.79 crore to Rs 2,62,37,776.13 crore in the last five trading sessions (March 29-April 6).
This week, equity markets were closed on Tuesday (April 4) for “Mahavir Jayanti”. Markets are closed on Friday on account of “Good Friday”. Last week, stock markets were closed on Thursday for “Ram Navami”.
“The Indian equity market saw gains for the second week in a row after a protracted period of underperformance, thanks to stable global cues, FII buying amid valuation comfort, and signs of a worldwide peak in interest rates,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
On Thursday, the BSE Sensex had climbed 143.66 points or 0.24 per cent to settle at 59,832.97 after the Reserve Bank of India (RBI) unexpectedly kept the benchmark rate unchanged.
Umesh Kumar Mehta, CIO of SAMCO MF, said RBI in its act to maintain an equilibrium of growth and inflation has judiciously opted to keep the rates unchanged at 6.5 per cent, diverging from the Fed.
“Equity markets had already started consolidating but now since the interest rates are also near the peak cycle, it is an ideal launching pad of a new bull market locally and globally,” Mehta added.
猜你喜欢
- Stocks To Watch- Jio Financial Services, TCS, Reliance Industries, Tata Consumer Products, Biocon, Lupin, REC
- Startup CEOs earn more than those of all BSE-listed firms put together- IiAS
- Sensex, Nifty open in green on Monday; NDTV shares rise 5%, Tata Motors shares up over 1%
- Stocks to watch- Adani Enterprises, Rail Vikas Nigam, Raymond, Updater Services
- Sensex falls over 410 pts to slip below 61k-level; Nifty retains 18,000
- Stocks to buy- Charts suggest upside for ACC, Maruti Suzuki shares, Nifty support at 16650
- Sensex, Nifty open in red on Wednesday; Rail Vikas Nigam shares rise 4%, Punjab Sind Bank shares up over 1%
- Sensex, Nifty advance rally to 6th consecutive session, consolidation likely now; Check support, resistance
- Stocks to Watch- Infosys, Adani Enterprises, Adani Green Energy, Adani Energy Solutions, Tata Motors, Wipro, RVNL