Investor wealth rose 2.93,054.25 crore on Thursday as markets got back on the winning track after falling for three consecutive sessions. Sensex, the 30-share BSE benchmark, moved closer to 638.70 points or 1.22 percent to close at 52,837.21. During the day, he gained 668.75 points to 52,867.26.
Following the uptrend, the market capitalization of companies listed on the EEB increased by Rs 2,93,054.25 crore to reach Rs 2,33,94,917.25 crore.
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“Purchases returned in Indian markets supported by decent FY 22 first quarter earnings results and positive global sentiments,” said Mohit Nigam, director of PMS – Hem Securities.
Tech Mahindra was the biggest winner in the 30-share package, with a gain of 5.65%, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, Tata Steel and L&T.
HUL lagged the furthest, dropping 2.27%, followed by Asian Paints, Bajaj Auto and Mahindra & Mahindra.
In the broader market, EEB’s small-cap and mid-cap indices increased by as much as 1.52 percent.
The metals, telecommunications, capital goods and industry indices of the EEB were the ones that gained the most, rising up to 3.02%, while the mass consumer goods closed lower.
“Markets rallied strongly and gained more than one percent, after trading moderately for the last three consecutive sessions. Optimistic global markets triggered an onset of gap that further strengthened as the day progressed,” said Ajit Mishra, vice president of research at Religare Broking Ltd.