LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Investor wealth rises by Rs 1.76 lakh cr as Sensex, Nifty reach record highs

Today auto, FMCG, IT and realty pulled the market to a new all-time high as they are trying to catch up the rally on the back of expected rate cut by RBI and increase in demand from domestic sectors," CapitalAim Head of Research Romesh Tiwari said.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Investor wealth rises by Rs 1.76 lakh cr as Sensex, Nifty reach record highs
Investor wealth Monday rose by Rs 1.76 lakh crore as the BSE Sensex, Photo: Reuters
Written By: PTI
Updated: Mon, Jun 03, 2019
08:02 pm
New Delhi, PTI
RELATED NEWS
HDFC Sec says tech glitch resolved, probe on to find root cause; market operations now normal HDFC Sec says tech glitch resolved, probe on to find root cause; market operations now normal
Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall  Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall
FPIs pump in Rs 24,965 crore in February so far FPIs pump in Rs 24,965 crore in February so far
Stock Market Outlook with Anil Singhvi: Market Guru reveals Nifty, Bank Nifty support range, says Monday will be 'make or break trading session'  Stock Market Outlook with Anil Singhvi: Market Guru reveals Nifty, Bank Nifty support range, says Monday will be 'make or break trading session'
Sensex tanks 400 pts; HDFC twins drag Sensex tanks 400 pts; HDFC twins drag

Driven by a robust show by benchmark indices, investor wealth Monday rose by Rs 1.76 lakh crore as the BSE Sensex rallied 553 points to close at an all-time high level. The BSE 30-share index zoomed 553.42 points or 1.39 per cent to close at 40,267.62. During the trade, it advanced 594.7 points to 40,308.90, its lifetime peak. The broader NSE benchmark also surged 165.75 points, or 1.39 per cent, to settle at 12,088.55. Led by the sharp rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies surged Rs 1,76,402.37 crore to Rs 1,56,14,416.92 crore.

"Today auto, FMCG, IT and realty pulled the market to a new all-time high as they are trying to catch up the rally on the back of expected rate cut by RBI and increase in demand from domestic sectors," CapitalAim Head of Research Romesh Tiwari said. The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy Thursday.

"In its forthcoming policy review on 6 June, 2019, we expect the RBI to cut policy rate by 25 bps. We also see a good chance of the policy stance shifting to accommodative/dovish (from neutral currently)," Edelweiss Research said in a report. "This would be essentially driven by a broad-based slowdown in economic momentum in recent months; modest improvement in liquidity conditions (credit-deposit ratio, corporate bond spreads) but far from normal and inflation dynamics, which remain benign," it said.

From the 30-share pack, 27 stocks closed with gains led by Hero MotoCorp, Bajaj Auto, IndusInd Bank and Asian Paints. All BSE sectoral indices ended in the green, with auto, energy, metal, tech and finance rallying up to 1.93 per cent. In the broader market, BSE mid-cap and small-cap indices rose by up to 0.90 per cent.

"Dow Jones closed the previous trading day in red with a 1.4 per cent decline but Indian bourses continued to show strength and opened in green today. Despite the weak macros and domestic factors, Nifty and Sensex crossed milestone levels and rallied up," Samco Securities Head of Research Umesh Mehta said.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BSE SensexNiftyMarkets
RELATED NEWS
HDFC Sec says tech glitch resolved, probe on to find root cause; market operations now normal HDFC Sec says tech glitch resolved, probe on to find root cause; market operations now normal
Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall  Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall
FPIs pump in Rs 24,965 crore in February so far FPIs pump in Rs 24,965 crore in February so far
Stock Market Outlook with Anil Singhvi: Market Guru reveals Nifty, Bank Nifty support range, says Monday will be 'make or break trading session'  Stock Market Outlook with Anil Singhvi: Market Guru reveals Nifty, Bank Nifty support range, says Monday will be 'make or break trading session'
Sensex tanks 400 pts; HDFC twins drag Sensex tanks 400 pts; HDFC twins drag

LATEST NEWS

Happy International Women's Day: Check best WhatsApp wishes, quotes, messages fo your loved ones

Reactions to Prince Harry and Meghan Markle's TV interview with Oprah Winfrey

MTAR Technologies IPO Subscription details: Retail investors expect bumper listing

7th Pay Commission: After family pension, Modi government BIG relief on DA for central government employees likely soon, pensioners to benefit too

MacKenzie Scott Marriage: Ex-wife of Amazon boss Jeff Bezos marries this man - Who is he? His profession? Read full letter

PUBG Mobile 1.3 global update: APK download link, check expected release date and more!

Stocks in Focus on March 8: Easy Trip planners IPO, Adani Ports, BEML to Religare; here are the 5 Newsmakers of the Day

Alert! WhatsApp may stop working on these smartphones | Is your phone on list? Check details NOW

CBSE, CISCE board exams 2021: Education Minister talks about exam fever, how to score good marks, PM Modi's Pariksha pe Charcha 2021 and more

Meghan on racism: British royals worried about skin of Harry and her son

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved