Sensex Surge: Investors Pocket ₹4 Lakh Crore in a Single Day

Mumbai (Uttam Hindu): Indian stock markets closed in the green on Monday. At the end of trading, the Sensex was up 256.22 points or 0.31 percent at 82,445.21 and the Nifty was up 100.15 points or 0.40 percent at 25,103.20. This rally was led by Nifty Bank and it made a new all-time high of 57,049.50. At the end of trading, the Nifty Bank closed at 56,839.60, up 261.20 points or 0.46 percent.

Midcap and smallcap stocks saw gains compared to largecaps. The Nifty Midcap 100 index was up 664.65 points or 1.13 percent at 59,674.95 and the Nifty Smallcap 100 index was up 290.95 points or 1.57 percent at 18,873.40. On a sectoral basis, auto, IT, PSU bank, financial services, pharma, metal and media indices closed in the green. Only the Nifty Realty index closed in the red.

Investors earned 3.95 lakh crores

The total market capitalization of companies listed on BSE increased to Rs 455.08 lakh crore today on June 6, which was Rs 451.13 lakh crore on its previous trading day i.e. Thursday, June 5. In this way, the market cap of companies listed on BSE has increased by about Rs 3.95 lakh crore today. Or in other words, investors' wealth has increased by about Rs 3.95 lakh crore.

Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti Suzuki, Bajaj Finserv, NTPC, TCS and Tata Motors were the top gainers in the Sensex pack. Eternal (Zomato), ICICI Bank, Titan, M&M and Tata Steel were the top losers. Vinod Nair, Head of Research, Geojit Investment Ltd, said that the impact of aggressive cuts in repo rate and CRR by RBI was seen in financial stocks today as well. These steps have boosted investor confidence and it is expected that liquidity will increase in the near to medium term. Positive employment data in the US and new updates on US-China trade talks have helped improve global sentiment. Domestically also, large companies have shown new momentum due to FII inflows. The Indian stock market had a positive start. At around 9.26 am, the Sensex was trading 379.01 points or 0.46 per cent higher at 82,568, while the Nifty was up 116.15 points or 0.46 per cent at 25,119.20.