Investors richer by over Rs 5.17 lakh cr in two days of market rally
In contrast, Sun Pharma, PowerGrid, ITC and UltraTech Cement were among the laggards.
Investors have gained over Rs 5.17 lakh crore in two days of equity rally, with the market capitalization of BSE-listed companies surging to an all-time high on Tuesday.
WATCH | Click on Zee Business Live TV Streaming Below:
Rising for the second straight session, the 30-share BSE Sensex jumped 445.56 points or 0.75 percent to close at 59,744.88 on Tuesday. The BSE benchmark had jumped 533.74 points or 0.91 per cent on Monday.
Following the two-day rally, the market capitalization of BSE-listed companies jumped by Rs 5,17,836.87 crore to reach its lifetime high of Rs 2,64,78,332.22 crore at the close of trade on Tuesday.
"Indian equities opened with negative bias but regained its momentum in the second half to edge higher as broad-based buying was seen in the market ahead of September quarter earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
IndusInd Bank emerged as the biggest gainer among the 30-share companies pack, jumping 4.60 percent, followed by Bharti Airtel, Reliance Industries, HCL Tech and Titan.
In contrast, Sun Pharma, PowerGrid, ITC and UltraTech Cement were among the laggards.
In the broader market, the BSE midcap and smallcap indices climbed up to 0.54 per cent.
"The market remained optimistic ahead of the start of the earnings season even as global cues were not supportive," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
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.
RECOMMENDED STORIES
8th Pay Commission: If implemented, how much salary hike is expected? Check latest update on pay matrix of central employees
Met Gala 2024: When and how to watch Met Gala red carpet livestream in India - Check date, time, venue, theme, guest list and other details
09:32 PM IST