Rediff.com  » Business » Investor wealth jumps over Rs 16.70 lakh cr in 6 days

Investor wealth jumps over Rs 16.70 lakh cr in 6 days

Source: PTI
February 08, 2021 20:24 IST
Get Rediff News in your Inbox:

Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday.

Investor wealth

Illustration: Dominic Xavier/Rediff.com

The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday.

During the day, the benchmark index jumped to its all-time high of 51,523.38.

Markets have been gaining since February 1 (Budget day).

 

Since February 1, the market capitalisation of BSE-listed companies has zoomed Rs 16,70,154.05 crore to reach Rs 2,02,82,798.08 crore, its new record high.

During this time, the 30-share BSE index has gained 5,063 points or 10.93 per cent.

Religare Broking vice-president (research) Ajit Mishra said, "The bulls continued to dominate the benchmark indices following supportive global cues."

Geojit Financial Services Head (Research) Vinod Nair said, "Strong global cues supported the domestic rally. The overall market is maintaining its buoyancy with rally in all sectors especially auto, IT and metals. Improved domestic outlook is encouraging sustained FPI inflows."

Market valuation of the BSE-listed companies had crossed the Rs 100-lakh crore milestone on November 28, 2014.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!