The 30-share BSE Sensex pack soared more than 700 points to beyond 71,050, while the broader NSE Nifty index gained over 200 points to trade above 21,450.
On Wednesday night, domestic stocks saw a significant increase in late trade. Gains in media, metals, state-owned banks, and energy companies all contributed to the spike. While the larger NSE Nifty index rose up more than 200 points to trade beyond 21,450, the 30-share BSE Sensex pack increased more than 700 points to get above the 71,050 mark. The growth of the domestic bourses was so great that the BSE’s market capitalization (m-cap) exceeded Rs 5.4 lakh crore. The indices rose as buying activity was shown in some equities, including HDFC Bank, Reliance Industries, Infosys, Bharti Airtel, HUL, and HCLTech.
Here is a glimpse at the market increase in numbers for today:
Capital gains of Rs 5.4 lakh crore for investors
The BSE m-cap indicates that investor wealth increased by Rs 5.41 lakh crore to Rs 371.38 lakh crore today from a valuation of Rs 365.97 lakh crore that was recorded yesterday.
291 stocks achieved 52-week high levels on the BSE.
As many as 291 stocks reached 52-week highs today. BSE 500 equities such as AIA Engineering, Alembic Pharmaceuticals, Airtel, Blue Star, Borosil Renewables, and Birlasoft all reached one-year highs. However, 32 stocks hit one-year lows today.
2,425 stocks are in positive territory.
Out of 3,881 equities, 2,425 were spotted gaining. 1,372 equities were down, while 84 were unchanged.
HUDCO, Mishra Dhatu Nigam Ltd., and HFCL grew by 13%.
A 12.81 percent increase was seen in the stocks of HFCL, Mishra Dhatu Nigam Ltd., HUDCO, Motilal Oswal Financial Services, IDBI Bank, Alok Industries, MMTC, KEI Industries, SJVN, and Vaibhav Global.
Top gainers include PSU bank stocks, media, and metal.
The main Sensex constituents that drove the index higher were Bharti Airtel, HDFC Bank, Infosys, Reliance Industries, HUL, HCLTech, and SBI. Just HDFC Bank, Reliance, and Infy made a positive contribution to the roughly 388-point increase.
Fourteen of the fifteen sub-indices on the NSE were trading positively. Nifty PSU Bank, Nifty Media, Nifty Metal, and Nifty Oil & Gas all increased by 3.08 percent, 2.97 percent, 2.14 percent, and 2.11 percent, respectively, outpacing the NSE index. However, Nifty Private Bank experienced a 0.12% decline.
FII-DII information
According to exchange statistics, domestic institutional investors (DIIs) purchased Rs 214.40 crore of equities during the previous session, while foreign institutional investors (FIIs) sold Rs 3,115.39 crore of shares on a net basis.
