Within only 4 Days, Shareholders have Gained Rs. 6.09 lakh cr

5 August 2022
3 mins read
Within only 4 Days, Shareholders have Gained Rs. 6.09 lakh cr

An Overview

In 4 days of market rallying, equity investors gained Rs. 6,09,840.74 crore, with benchmarks reaching new closing highs on Tuesday. On Tuesday, the BSE 30-share benchmark index rose for the fourth straight day, rising 148.53 points, or 0.25 percent, to a new closing high of 60,284.31.

The benchmark has gained 1,094.58 points in 4 days. During this time, BSE-listed businesses’ market capitalization increased by Rs. 6,09,840.74 crore, reaching a new high of Rs. 2,68,30,387.79 crore on Tuesday.

Further Key Takeaways

“Equities began the day on a sour note, with low volatility in line with negative global indications. However, late in the session, indexes saw some buying interest and ended the session in the green, close to the day’s high, but gains were restrained by high crude oil prices and a weak rupee,” said an expert.

Titan, Bajaj Auto, SBI, Bajaj Finserv, Nestle India, and ITC were the top gainers, with gains of over 5%. HCL Tech, Tech Mahindra, UltraTech Cement, and TCS, on the other hand, were among the laggards. The midcap and smallcap indices rose up to 0.65% in the broader market.

Nifty and Sensex at all-time highs

In the early session on Monday, the National Stock Exchange’s Nifty struck an all-time high of 18,000, while the Bombay Stock Exchange’s Sensex was higher than 60,300. In a favourable trend in global markets, rise in index’s top leaders contributed to the surge.

The 30-share Sensex regained its losses and rebounded more than 250 points to trade higher at 60,60,348 after opening over 100 points lower. Similarly, the Nifty climbed more than 100 points to 18,065 points.

The 30-share index increased 381.23 points, or 0.64 percent, to close at 60,059.06 in the previous session, while the Nifty rose 104.85 points, or 0.59 percent, to a new closing high of 17,895.20. According to the stock exchange notification, FIIs were net sellers in the capital market on Friday, offloading shares worth Rs. 64.01 crore.

In other parts of Asia, exchanges in Tokyo, Shanghai, and Honk Kong were all up in mid-session deals, while South Korean capital – Seoul was closed for the holidays. Meanwhile, Brent crude, the international benchmark for oil, increased 1.43 percent to USD 83.57 per barrel.

 

Frequently Asked Questions (FAQs)

Q1. What exactly is NIFTY 50 and how does it work?

The NIFTY 50 index is a broad benchmark that tracks the top fifty Indian companies throughout fourteen categories. It follows the performance of the top corporations on the stock exchange and hence broadly reflects the Indian economy. Many mutual fund plans utilise the Nifty 50 as a benchmark. Index funds and ETFs can be used to invest in the Nifty 50.

Q2. What is the Sensex, and how does it work?

The stock values of 30 different firms listed on the BSE are used to compute the Sensex. The “free-float market capitalisation” approach is used to compute it. One of the most popular and accurate approaches for calculating a stock market index is to use this strategy.

Q3. What is the Bank Nifty Index and how does it work?

The Bank Nifty index is formed from the National Stock Exchange’s twelve most efficient and well-capitalized banking stocks . It serves as a benchmark for the capital market performance of the Indian banking sector to investors and market participants.