Investor wealth rises by Rs 1.71 lakh cr in bullish market

The BSE ended the day 235.98 points higher at 33,342.80. Led by the gain in the stock market, the total market capitalisation of BSE-listed companies surged by Rs 1,71,489.22 crore to Rs 1,44,90,494 crore.

Investor wealth rises by Rs 1.71 lakh cr in bullish market
File photo of the BSE building in Mumbai. Image source: IANS
Updated: Fri, Nov 17, 2017
07:19 pm
PTI
RELATED NEWS
Unbelievable, but markets survive election results, expectations of 'Black Tuesday'; this is the reason why Unbelievable, but markets survive election results, expectations of 'Black Tuesday'; this is the reason why
Assembly Election Results 2018: If BJP win comes in Madhya Pradesh, this is how Sensex, Nifty will react Assembly Election Results 2018: If BJP win comes in Madhya Pradesh, this is how Sensex, Nifty will react
State elections and stock markets - 6 points: Madhya Pradesh result key, Nifty to skyrocket if this party wins State elections and stock markets - 6 points: Madhya Pradesh result key, Nifty to skyrocket if this party wins
Anil Singhvi’s Market Strategy December 10: Market is Neutral; Metals, Banks, NBFC & Aviation are Negative Anil Singhvi’s Market Strategy December 10: Market is Neutral; Metals, Banks, NBFC & Aviation are Negative
This stock to save Rakesh Jhunjhunwala year? Big money magnet, better than even PPF, FDs, NPS; do you hold it? This stock to save Rakesh Jhunjhunwala year? Big money magnet, better than even PPF, FDs, NPS; do you hold it?

Investor wealth today surged by Rs 1.71 lakh crore, helped by a bullish market sentiment, where the Sensex rose by 236 points.
The 30-share key benchmark index ended the day 235.98 points higher at 33,342.80.
Led by the gain in the stock market, the total market capitalisation of BSE-listed companies surged by Rs 1,71,489.22 crore to Rs 1,44,90,494 crore.
"Moody's India ratings upgrade is an acknowledgement of the economic and structural reforms undertaken over past few of years. This is a welcome move as it will bring down the cost of overseas borrowings for Indian corporates especially the ones with high cost domestic debt on their books."
"It will have a positive impact on Indian banking system, corporate borrowing programmes and initiate the much awaited private capex cycle. This will further add a fillip to FII inflows towards Indian equity markets," said Arun Thukral, MD and CEO, Axis Securities.
Moody's Investors Service today raised India's sovereign rating for the first time in 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms.
The US-based agency upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms will help stabilise rising levels of debt.
Meanwhile, Cipla was the leader of the Sensex chart, gaining 2.64 per cent, while HDFC Ltd came in next, up 2.23 per cent.
Broader markets played along, with mid-cap and small cap indices adding up to 1.03 per cent.
On BSE, 1,615 stocks advanced, while 1,135 declined and 174 remained unchanged. 

 

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close