Investor wealth surges Rs 1.54 lakh cr in bullish market

Investor wealth surged by Rs 1.54 lakh crore on Monday, driven by a strong rally in stock market where the BSE Sensex jumped 500 points supported by positive global cues after a solid US jobs data.

The 30-share index surged 499.79 points or 1.84% to settle at 27,626.69 — its 11-month high level.

Monday's closing was the highest since August 19 last year when it ended at 27,931.64.

Consequently, the market capitalisation of BSE-listed companies rose by Rs 1,54,257.55 crore to Rs 1,05,38,942 crore.

"Positive US jobs data and expectations of a good start to the first quarter earnings season helped the market to rally," Geojit BNP Paribas Financial Services, Head of Research, Vinod Nair said.

From the 30-share Sensex pack, 29 scrips ended higher while only Axis Bank lost.

Adani Ports was the top gainer, rising 4.78% followed by Tata Motors, which went up by 4.15%.

Among BSE sectoral indices, metal rose the most by 2.46% followed by auto 2.19%, banking 2.07%, Public Sector Units 2.06% and realty 2.05%.

On BSE, 1,718 stocks advanced while 1,040 declined and 186 remained unchanged.

Meanwhile, Foreign Portfolio Investments bought net shares worth Rs 330.62 crore on Friday, according to provisional data from stock exchanges.