“Positive global clues lifted sentiments for the second straight day. The board-based rally saw buying across different sectors,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
Mumbai:
Investors have become richer by over Rs 5.74 lakh crore in two days of market rebound, boosted by bargain-hunting and a supportive trend overseas.
The BSE benchmark Sensex zoomed 874.18 points or 1.53 per cent to finish at 57,911.68 on Thursday. Halting its five-day fall on Wednesday, the Sensex had closed 574.35 points or 1.02 per cent higher at 57,037.50.
In tandem with the recovery in equities, the market capitalisation of BSE-listed firms jumped by Rs 5,74,427.92 crore in two sessions to stand at Rs 2,71,77,156.37 crore.
“Positive global clues lifted sentiments for the second straight day. The board-based rally saw buying across different sectors,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.
M&M was the top gainer among the Sensex constituents on Thursday, climbing 3.50 per cent, followed by Maruti Suzuki, Bajaj Finserv, Asian Paints, Reliance Industries, Kotak Mahindra Bank, HDFC and TCS.