₹5.5 Lakh crore windfall : Sensex soars, stocks deliver massive one-day gain

Mumbai (The Uttam Hindu): The Indian stock market closed in the green for the third consecutive session on Wednesday, the third trading day of the week. Key domestic market benchmarks closed near their day's highs, supported by IT and realty stocks.

Meanwhile, the 30-share BSE Sensex rose 0.83 percent, or 633.29 points, to close at 76,704.13. The NSE Nifty 50 rose 0.83 percent, or 196.65 points, to close at 23,777.80. During the day's trade, the Sensex opened at 76,367.55 and touched a high of 77,000.22, while the Nifty opened at 23,632.90 and touched a high of 23,862.25.

Investors made ₹5.51 lakh crore

The total market capitalization of BSE-listed companies rose to ₹438.81 lakh crore today, from ₹433.30 lakh crore on the previous trading day. Thus, the market cap of BSE-listed companies increased by approximately ₹5.51 lakh crore today. In other words, investors' wealth increased by approximately ₹5.51 lakh crore.

The overall market also saw gains in Wednesday's session. Broader markets outperformed benchmark indices, with the Nifty Midcap index gaining 2.02 percent and the Nifty Smallcap index gaining 1.67 percent.

Sectorally, Nifty Media (up 3.35%), Nifty IT (up 2.78%), and Nifty Realty (up 2.75%) were the top gainers. Additionally, Nifty Auto gained 1.92%, Nifty Bank 0.82%, and Nifty Financial Services 0.79%, while Nifty FMCG declined marginally.

Among Nifty50 gainers, Tech Mahindra, HCL Tech, Infosys, Adani Ports, Mahindra & Mahindra, TCS, Axis Bank, IndiGo, L&T, Bajaj Finance, and Adani Enterprises were among the biggest gainers. Cipla, HUL, Coal India, NTPC, Sun Pharma, Tata Consumer Products, Apollo Hospitals, and Hindalco were among the biggest losers.

This surge in the Sensex led to an increase of about Rs 5 lakh crore in the total market capitalisation of companies listed on the BSE, taking it to over Rs 438 lakh crore from the earlier Rs 433 lakh crore.