Business Standard

Equity investors richer by over Rs 4.73 trn in two days of rally

The recent sell-off had made some stocks attractive, hence traders bought IT, metals and telecom stocks, says an analyst

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
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People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)

Press Trust of India New Delhi
Investors became richer by over Rs 4.73 lakh crore in two days of market rally amid an overall firm trend in global equities.

On Monday, the 30-share BSE benchmark Sensex jumped 760.37 points or 1.41 per cent to settle at 54,521.15. On Friday, the benchmark had climbed 344.63 points or 0.65 per cent to 53,760.78.

The two-day rally has added Rs 4,73,814.1 crore to the market capitalisation of BSE-listed firms, which now stands at Rs 2,55,39,794.75 crore.

"Firm global cues bolstered market sentiment as the benchmark Sensex closed above the psychological 54,000-mark on strong all-round buying support. The recent sell-off

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 18 2022 | 6:25 PM IST

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