Investors' wealth soars by `2.93 lakh cr
Investors' wealth jumped Rs2,93,054.25 crore on Thursday as markets returned to winning ways after falling for three straight sessions. Tracking the bullish trend, the market capitalisation (mcap) of BSE-listed companies jumped Rs2,93,054.25 crore to reach Rs 2,33,94,917.25 crore. The 30-share BSE benchmark Sensex zoomed 638.70 points or 1.22 per cent to close at 52,837.21. During the day, it gained 668.75 points to 52,867.26 "Buying returned in the Indian markets supported by the decent Q1 FY22 earning results and positive global sentiments," said Mohit Nigam, head (PMS), Hem Securities.
"Markets recovered strongly and gained over a percent, after trading subdued for the last three consecutive sessions. Upbeat global markets triggered a gap up start which strengthened further as the day progressed," Ajit Mishra, V-P (research), Religare Broking Ltd, said.
Tech Mahindra was the biggest gainer in the 30-share pack, with a gain of 5.65 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, Tata Steel and L&T. HUL was the biggest laggard, falling 2.27 per cent, followed by Asian Paints.