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Investor wealth jumps over Rs 10.48 lakh crore in two days of Budget-driven market rally
The BSE benchmark jumped 1,197.11 points or 2.46 percent to close at 49,797.72 on Tuesday. During the day, it zoomed 1,553.87 points to 50,154.48. PTI February 02, 2021 / 07:33 PM IST
Investor wealth zoomed over Rs 10.48 lakh crore in two days as Budget-driven market euphoria continued to charge bulls on Tuesday.
The BSE benchmark jumped 1,197.11 points or 2.46 percent to close at 49,797.72 on Tuesday. During the day, it zoomed 1,553.87 points to 50,154.48.
Tracking the extremely positive investor sentiment, the market capitalisation of BSE-listed companies jumped Rs 10,48,253.99 crore to Rs 1,96,60,898.02 crore in two days of market rally.
Investor wealth further jumps over Rs 3 lakh crore as Budget brings bulls back to markets PTI
The BSE benchmark zoomed 1,553.87 points to 50,154.48 during the morning trade.
Tracking the extremely positive investor sentiment, the market capitalisation of BSE-listed companies jumped Rs 3,04,169.3 crore to Rs 1,95,50,883 crore in morning trade.
“It has been a picture perfect rally in the last two sessions with the broader indices clocking record Budget Day gains and extending them today as well. Although some profit-booking can be expected, but we expect stock-specific action to continue,” said Rahul Sharma, Head – Technical & Derivatives Research, JM Financial Services.
Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61 Monday. Investors became richer by over Rs 6.34 lakh crore Monday as markets gave a big shout-out to the Budget 2021-22.
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