Page 5 - Market Rally

Investor wealth rises Rs 2.73 trn in mkt rally on US-China trade deal hopes

Investor wealth soared by Rs 2.73 lakh crore on Tuesday in a buoyant equity market where the BSE benchmark zoomed 581.64 points helped by encouraging quarterly results and US-China trade deal optimism. The 30-share Sensex jumped 581.64 points to close at 39,831.84. During the day, it advanced 666.81 points to 39,917.01. The market capitalisation of BSE-listed firms soared Rs 2,73,355.21 crore to Rs 1,52,04,693.34 crore. "A strong momentum is seen in the market as healthy Q2 earnings from big corporate and attractive valuation for mid & small caps is providing a favourable risk-reward to investors. "The clouds over global market are gradually settling down with developments in trade deal and Brexit, while rate cut expectation from (US) FED will further add impetus to emerging markets like India," Vinod Nair, Head of Research, Geojit Financial Services Ltd said. According to Ajit Mishra, Vice President, Research, Religare Broking Ltd, "The markets in the near term are likely to be .

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The market may have bounced back in the past two trading sessions but experts are saying that we are far from forming a bottom

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The Nifty Smallcap 100 index rose 4%, following a 15% fall in the previous two months

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Plenty of things could upend the two-year rally in emerging-market equities

Post-election rally pauses as stocks, dollar slip

Wall Street was modestly lower with healthcare and real estate shares losing ground