New Delhi: The wealth of investors rose by Rs 2,22,763.25 Crore in three days of market rally, with a benchmark Sensex closing at all time heights on Thursday.
At the close of trade, the 30-share BSE index rose 254.80 points or 0.48 percent to 53,158.85, his life was high in lifetime.
During the day, benchmarks also reached an intra-day peak of 53,266.12 points.
Benchmark has risen 786.16 points in three days.
Following the rally in equity, market capitalization of companies registered in BSE reached fresh highs of all time Rs 2,33,86,397.18 Crore on Thursday.
“The market is traded with a positive bias for the third day in a row and gets almost half a percent.
Benchmarks opened slightly in green, however, strong purchases in it and the banking department pushed the index higher,” said Ajit Mishra, VP – Research, Broking Religation Ltd.
HCL Tech is the largest enhancer in the 30-share frontline company pack, up more than 5 percent, followed by Larsen & Toubro, Tech Mahindra, HDFC Bank and Ultratech Cement.
On the other hand, Bharti Airtel, M & M, Cat Asia and Titan are among slow.
In a broader market, the MIDCAP and SmallCap BSE index rose to 0.43 percent.
Sectorally, BSE realty, capital goods, IT, industry, metals, basic ingredients and BankEx are closed up to 4 percent higher.
On the other hand, oil and gas, telecommunications, energy and automatic indices, among others, are dipped up to 0.87 percent.
“Domestic equity extended increases with the benchmark index which records all the time of all time today.
In particular, the rebound continues in IT stocks followed by finance supported today,” said Bines Modi, head strategy in Reliance Securities.