Investors' wealth jumps over Rs 10.83 trn in three days

Published On: Thursday, March 10, 2022 | By:

Investors' wealth jumps over Rs 10.83 trn in three days

Equity investors have become richer by over Rs 10.83 lakh crore as stocks extended their rising streak for the third consecutive session today(10 March 2022). The 30-share BSE benchmark Sensex soared 817.06 points or 1.50 percent to close at 55,464.39. In three days, the benchmark has gained 2,621.64 points. Tracking the ongoing rally in equities, the market capitalisation of BSE-listed companies jumped by Rs 10,83,103.27 crore in three sessions to stand at Rs 2,51,93,934.31 crore.

"Markets today were driven majorly by-election results across various states. Today post markets Russia-Ukraine are to hold talks which will have a major effect on markets tomorrow," say experts.

From the 30-share Sensex pack, Hindustan Unilever Limited, Tata Steel, SBI, IndusInd Bank, Axis Bank, Bajaj Finserv, Nestle, and Maruti Suzuki India were the biggest gainers on Thursday, jumping up to 5.17 percent.

In contrast, Tech Mahindra, Dr. Reddy's Laboratories, and Tata Consultancy Services were the laggards.

In the broader market, the BSE smallcap and midcap indices jumped up to 1.18 percent.

All BSE sectoral indices settled in the green, with FMCG, realty, metal, and bank emerging as the lead gainers. Meanwhile, international oil benchmark Brent crude jumped 5.11 percent to USD 116.8 a barrel.

"Markets inched higher for the third successive session and gained over 1.5 percent, tracking favourable cues. Positive global sentiment led to the gap-up opening in the benchmark.

"As the day progressed, sentiments were boosted as the state elections outcome so far indicated a clear majority to the BJP in 4 states out of 5, showing political stability," according to sone analysts.

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