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Indian equity investors become richer by Rs3.24 lakh crore

Mumbai: Indian equity investors’ wealth surged by Rs  3.24 lakh crore on Thursday. On Thursday, the  BSE Sensex jumped nearly 1% after a two-day slide. The BSE Sensex jumped 490.97 points or 0.69% to settle at 71,847.57.

The market capitalisation of BSE-listed companies climbed Rs 3,24,010.1 crore to hit an all-time high of Rs 3,68,32,843.41 crore.

Bajaj Finance jumped 4.44% and NTPC climbed 3.54%. IndusInd Bank, Axis Bank, Tata Motors, Nestle, Power Grid, Infosys, Bajaj Finserv and HDFC Bank were the other major winners. HCL Tech, Mahindra & Mahindra, Tata Steel and Hindustan Unilever were among the laggards.

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In the broader market, the BSE midcap gauge jumped 1.49% and smallcap index climbed 1.04%. Among the indices, realty zoomed 6.61%, utilities jumped 2.55%, telecommunication (2.09%), services (1.68%), financial services (1.30%) and consumer discretionary (0.82%). Auto and metal were the laggards.

Meanwhile, Indian equity investors’ wealth surged by Rs 81.90 lakh crore in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73%. Investors became richer by more than Rs 16.38 lakh crore in 2022. The BSE Sensex had ended 2022 with an annual gain of 4.44% or 2,586.92 points .Reliance Industries is the country’s most valued firm with a market valuation of Rs 17,48,827.92 crore, followed by Tata Consultancy Services (Rs 13,88,591.70 crore), HDFC Bank (Rs 12,97,972.04 crore), ICICI Bank (Rs 6,98,965.47 crore) and Infosys (Rs 6,40,351.80 crore) in the top-five order.

 

 

 

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