scorecardresearchInvestors get richer by ₹5.66 lakh crore as equity markets rebound

Investors get richer by 5.66 lakh crore as equity markets rebound

Updated: 04 Oct 2022, 05:54 PM IST
TL;DR.
The 30-share BSE Sensex jumped 1,276.66 points or 2.25 per cent to settle at 58,065.47 points. During the day, it zoomed 1,311.13 points or 2.30 per cent to 58,099.94 points.
The grey market is an unofficial market wherein traders buy or sell IPO shares and applications even before they are officially launched for trading on the stock exchange.

The grey market is an unofficial market wherein traders buy or sell IPO shares and applications even before they are officially launched for trading on the stock exchange.

(PTI) Equity investors became richer by 5.66 lakh crore as markets bounced back sharply on Tuesday following a recovery in global equities.

The 30-share BSE Sensex jumped 1,276.66 points or 2.25 per cent to settle at 58,065.47 points. During the day, it zoomed 1,311.13 points or 2.30 per cent to 58,099.94 points.

The market capitalisation of BSE-listed firms climbed 5,66,318.84 crore to 2,73,92,739.78 crore.

"On the backdrop of strong global cues, the benchmark indices bounced back sharply," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd, said.

Among the 30-share Sensex pack, IndusInd Bank, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv, HDFC, Tata Steel, Larsen & Toubro, Wipro, HDFC Bank and Axis Bank were the major winners.

Power Grid, Sun Pharma and Dr Reddy's were the only laggards.

In the broader market, the BSE midcap gauge jumped 2.42 per cent and smallcap index climbed 1.49 per cent.

All the BSE sectoral indices ended in the green, with metals rallying 3.43 per cent, services (3.08 per cent), financial services (2.82 per cent), bankex (2.74 per cent) and IT (2.68 per cent).

Elsewhere in Asia, markets in Seoul and Tokyo ended higher.

Stock exchanges in Europe were trading in the positive territory in mid-session deals. The US markets ended significantly higher on Monday.

Foreign institutional investors turned net buyers after remaining net sellers in the recent past and bought shares worth 590.58 crore on Monday, according to data available with BSE.

"Markets recovered strongly after Monday's slide and gained over 2 per cent, tracking firm global cues," Ajit Mishra, VP - Research at Religare Broking Ltd, said.

First Published: 04 Oct 2022, 05:54 PM IST