Investors richer by Rs 2.68 lakh crore in a day as Sensex, Nifty50 soar to fresh peaks
Share Market News: Domestic equity benchmarks Sensex and Nifty50 scaled fresh record closing highs on Monday, July 15, in a rally powered by strong buying interest in financial, auto and energy stocks. With that, the market capitalisation of BSE-listed companies touched a record high of Rs 455.07 lakh crore, according to provisional exchange data.
Share Market News: Domestic equity benchmarks registered record closing highs on Monday led by strong buying interest in financial, auto and energy stocks. The Sensex rose 145.5 points - or 0.2 per cent - to end at 80,664.9 while the Nifty50 settled with a gain of 84.6 points - or 0.4 per cent - for the day at 24,586.7, their highest closing levels ever. During the session, while the 30-scrip gauge touched an unprecedented 80,862.5, the Nifty50 scaled a record high of 24,635.1. With that, the market capitalisation of the listed universe on stock exchange BSE reached an all-time high of Rs 4,55,06,566.5 crore, according to provisional exchange data.
Here are 10 things to know about the session:
- Investors grew richer by Rs 2.68 lakh crore at Monday's close as the mcap - or market value - of BSE-listed firms increased to Rs 455.1 lakh crore from Rs 452.39 lakh crore last Friday, the data showed.
- That also meant that investors' wealth increased by Rs 5,01,471.9 crore since Wednesday, when their market capitalisation stood at Rs 4,50,05,094.6 crore at the end of the day.
- ONGC (closing 5.2 per cent higher for the day), SBI Life (up 3.0 per cent), Shriram Finance (up 2.9 per cent), State Bank of India (up 2.7 per cent), Bajaj Auto (up 2.6 per cent) and NTPC (up 2.2 per cent) rose the most among the 34 gainers in the Nifty50 basket on Monday.
- On the other hand, LTIMindtree (down 1.6 per cent), Asian Paints (down 1.3 per cent), Grasim Industries (down 1.3 per cent), Tata Steel (down 0.9 per cent) and Axis Bank (down 0.7 per cent) were the top losers.
- SBI, NTPC and ITC were the biggest contributors to the upmoves in both headline indices.
- Positive global cues, strong domestic earnings, and robust foreign fund inflows supported the rally on Dalal Street, according to analysts.
- Investors await the ongoing earnings season to gather steam for domestic cues.
- Last week, Tata Consultancy Services (TCS) - the country's largest IT firm - kicked off the earnings season for India Inc as it staged a strong financial performance for the April-June period.
- Infosys, Wipro and Bajaj Auto are among the major corporates scheduled to report their quarterly numbers this week.
- Foreign institutional investors (FIIs) net purchased shares to the tune of Rs 2,685 crore on Dalal Street on Monday, translating to total inflows of Rs 6,706 crore in two days, while domestic institutional investors (DIIs) net offloaded stocks worth Rs 331 crore, according to separate market data. According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 4,021.60 crore on Friday.
With inputs from agencies
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