New Delhi: The wealth of investors jumped Rs 3.48,431.23 Crore as a market rally continued for the second consecutive session on Friday, with BSE Sensex closing above 55,000 marks for the first time.
BSE 30-share benchmark rose 593.31 points or 1.08 percent to close at 55,437.29.
During the day, he rose 643.81 points to an intra-day lifetime record of 55,487.79.
On Thursday, benchmarks have closed 318.05 points or 0.58 percent higher.
Following a two-day rally in equity, market capitalization of companies registered in BSE rose RS 3,48,431.23 Crore to achieve high highs of time of RS 2,40,23,80.14 Crore.
“Enthusiastic retail participation has provided momentum to the market that allows it to reach a higher level.
Also, the rally has global support with Dow and S & P 500 setting new records.” The healthy feature of today’s rally is that it is led by high quality.
Blue-chips in conducting such sectors, finance and telecommunications, “VK Vijayakumar said, head of investment strategist at Geojit Financial Services.
TCS is the largest enhancer in the 30-stock package with a surge of 3.22 percent, followed by L & T , Bharti Airtel, HCl Tech, Steel Tata, Reliance Industries, Bajaj Auto and HDFC Bank.
Instead, Powergrid, Dr.
Reddy’s, Indusind Bank and Bajaj Finance are among the wider markets, the BSE index closed up to 0.06.
Percent lower.
Sectorally, BSE telecommunications, tecks, capital goods and indices rose to 1.80 percent, while realty, health care and utility ended in red.