Investors’ wealth jumps over Rs 10
时间:2024-06-29 03:30:52 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
- Petrol and Diesel Rate Today, 7 July- Some cities see revision; Check rates in Delhi, Mumbai, other cities
- The role of advanced track and trace systems in enhancing product safety with automation and AI
- TCS, Reliance, ONGC, Tata Motors, IDBI Bank, Lupin, Sona BLW, Star Health and Allied Insurance stocks in focus
- Three of top 10 firms lose Rs 73,630 cr in m-cap; RIL biggest drag
- Tata Power shares soar to 52-Week high as JM Financial Upgrades Rating to ‘Buy’; Check the brokerage call
- Petrol and Diesel Rate Today, 3 May- Fuel prices largely steady; Check rates in Delhi, Mumbai, other cities
- Twitter, Google, Microsoft and more- Top 10 tech companies being headed by Indian-origin CEOs
- Petrol and Diesel Rate Today, 7 August- Some cities see revision; Check rates in Delhi, Mumbai, other cities
- Petrol, Diesel Price Today, 13 Nov 2022- Fuel cost unchanged; Check rates in Delhi, Mumbai, other cities