Investors gain nearly Rs 12 lakh crore in wealth in 4 days as Sensex zooms over 1,700 pts—10 key takeaways

Domestic equity benchmarks rallied for a fourth straight session on Monday led by strong buying interest in financial, IT and energy shares. The four-day rally made investors wealthier by Rs 11.9 lakh crore. Among index heavyweights, Bajaj Finance, TCS, Reliance and Infosys powered the surge whereas Eternal and Mahindra & Mahindra played spoilsport, preventing the gauges from further gains.

The Sensex rose 256.2 points, or 0.3 per cent, to end at 82,445.2 while the Nifty settled at 25,103.2, up 100.2 points, or 0.4 per cent, from its previous close. Globally, investors looked to scheduled talks on critical minerals between top trade representatives from the US and China.

Here are 10 things to know about the current juncture on Dalal Street:

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4-day gains and investor wealth

• In the four-day period, the Nifty50 has raced 560.7 points while the Sensex has soared 1,707.7 points—2.3 per cent and 2.1 per cent respectively.
• The four-day rally has made Dalal Street investors wealthier by Rs 11.9 lakh crore, with growth in the market capitalisation of BSE-listed companies to Rs 455.1 lakh crore from Rs 443.2 lakh crore, according to provisional exchange data.

Top Nifty 50 gainers & losers

• Jio Financial Services, Kotak Mahindra Bank, Bajaj Finance, Trent and Axis Bank, closing between 2.5 per cent and 3.9 per cent, were the top gainers in the Nifty50 basket on Monday.
• On the other hand, Eternal, ICICI Bank, Titan, M&M and Adani Ports, declining 0.3-1.9 per cent each, were the top Nifty50 losers.

Top Sensex & Nifty movers

• Kotak Mahindra Bank, Axis Bank and Bajaj Finance were the biggest contributors to the gains in Sensex and Nifty, whereas ICICI Bank, Eternal and M&M were the biggest drags.

Nifty Bank & other sectoral gauges

• The Nifty Bank—whose 12 constituents are stocks of the strongest lenders in India, including SBI and HDFC Bank—ended 261.2 points, or half a per cent, higher at 56,839.6, keeping much of the day's gains after largely trading within the 56,800-57,050 range in intraday trade.
• The Nifty IT and Nifty Private Bank gauges each rose 1.0 per cent for the day while the PSU banking index surged 1.5 per cent. On NSE, the Nifty Realty, declining 0.1 per cent, was the only sectoral index to finish in the red.

Broader Markets & More | Midcap and smallcap stocks

• Broader indices Nifty Midcap 100 and Nifty Smallcap 100 held on firmly to the green, rising 1.1 per cent and 1.6 per cent, respectively. Overall market breadth was extremely positive at the closing bell, with an advance-decline ratio of nearly 2:1 as 2,750 stocks rose while 1,464 declined on BSE.

FII & DII fund flows

• FII outflows continued to weigh on the market, pulling out a net Rs 1,573 crore from Dalal Street so far this month, while DIIs net purchased Rs 29,017 crore, according to provisional exchange data.

Global markets

• Wall Street began the day on a flat-to-positive note amid cautious trade on Monday Monday as investors awaited updates on a fresh round of US-China trade negotiations that have kept markets on toes for several weeks running. The Dow Jones was last trading barely in the green at 42,764.1, while the S&P 500 was up 0.1 per cent at 6,007.2. The technology stocks-heavy Nasdaq Composite was up 0.3 per cent at 19,582.7. Earlier on Monday, Asian equities registered sharp gains with MSCI's broadest index of Asia Pacific shares outside Japan rising 1.0 per cent and Japan's Nikkei 225 index gaining 0.9 per cent.