New Delhi: The wealth of investors has surged Rs 9.57.201.52 Crore in the last three days of Rally in the equity market because the stock continues to move higher in the midst of the euphoria led by the budget.
The benchmark of the BSE 30-Share on Wednesday minimized 695.76 points or 1.18 percent to settle at 59,558.33 as a post-budget rally continued.
This is the third day of the rally in equity and assisted by optimism, market capitalization of companies registered in BSE surged Rs 9.57.201.52 Crore to Rs 2,70,64,905.75 Crore in three days.
In three trading sessions, BSE benchmark was enlarged 2.358.1 points.
“The Indian equity market continues its journey to the north after a good increase on a budget day,” said Parth, Founder, Tradingo.
The Indusind Bank is the largest enhancer among the 30-share bchmark frontline package, jumping 5.57 percent, followed by Bajaj Finserv, HCL Tech and Bajaj Finance.
In a broader market, MIDCAP BSE and ScatCap jumped to 1.54 percent.
“There are no negative factors to pamper the trip to the top for the third consecutive session.
Buying on the back of a strong global cue and the budget also proposes growth-oriented steps that make investors rest well through sessions,” Shrikant Chouhan, Research Head Equity (retail), said Securities Ltd.
Ajit Mishra, VP – Research, Relespress Broking Ltd., said, “The market is currently riding behind optimism.
In addition, global recovery and beneficial income also adds to the participation.”