Investors Richer By Rs 2.27 Lakh Crore As Sensex Crosses 75,000 Mark
Investors' wealth climbed Rs 2.27 lakh crore on Wednesday as the benchmark Sensex closed above the 75,000 mark for the first time.
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Investors' wealth climbed Rs 2.27 lakh crore on Wednesday as the benchmark Sensex closed above the 75,000 mark for the first time.
This week, BSE Sensex made history as it surpassed the 75,000 mark for the first time. The benchmark index has risen by about 190% from its COVID-19 low on March 24, 2020.
The Sensex surged past the 75,000-mark, while the Nifty scaled 22,750 for the first time before profit booking pulled the two benchmarks lower
Robust Q4 earnings expectations in India, strong US economic data, and easing oil prices are among positives for benchmark indices. The NSE companies that gained the most were Infosys Ltd, Apollo Hospitals, LTIMindtree Ltd, Tech Mahindra Ltd and Adani Ports and Special Economic Zone.
While the surge in BSE Sensex and NSE Nifty during intra-day was on continued optimism regarding good earnings growth, a strong economy and total inflows; the fall towards the closing was due to the profit-booking; Sensex, Nifty End Lower Today After Hitting Record Peaks Intra-Day: Will Market Rally Continue?