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BSE Sensex crosses 72,000! Stock market rally leaves investors richer by whopping Rs 11.11 lakh crore in 4 days

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BSE Sensex crosses 72,000! Stock market rally leaves investors richer by whopping Rs 11.11 lakh crore in 4 days
BSE Sensex crosses 72,000! Stock market rally leaves investors richer by whopping Rs 11.11 lakh crore in 4 days


BSE Sensex rally leaves investors happy! Investors gained a significant amount of wealth in just four days of the stock market rally, as BSE Sensex crossed the historic 72,000 mark for the first time on Wednesday. This surge was fueled by positive sentiments about India’s macroeconomic fundamentals and strong global market trends.
The Sensex, comprising 30 major companies, rose by 701.63 points or 0.98% to reach a record closing high of 72,038.43.It also reached an all-time intraday peak of 72,119.85, rising by 783.05 points or 1.09% during the day.
Over the span of four days, the BSE benchmark saw a jump of 1,532.12 points or 2.17%. This resulted in an increase of Rs 11,11,599.28 crore in the market capitalization of BSE-listed companies, which now stands at Rs 3,61,31,598.15 crore, according to a PTI report.The surge in the market was driven by a strong global market environment and India’s impressive macro performance in recent quarters. This led investors to show great enthusiasm towards Indian equities, particularly in the banking, auto, and metal sectors.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, stated that despite concerns over conflicts in Gaza and attacks on ships in the Red Sea, the positive mood was influenced by the anticipation of rate cuts in the US next year and a diminishing fear of recession in developed economies.
Among the major gainers on the Sensex were UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, IndusInd Bank, and Larsen & Toubro. However, NTPC and Tech Mahindra were laggards.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong closed with gains, while European markets were mostly trading positively. The US markets also ended on a positive note on Tuesday.
Within the broader market, the BSE midcap gauge rose by 0.41%, and the smallcap index advanced by 0.20%. Among the different sectors, metal and auto witnessed a growth of 1.33%, followed by commodities (1.19%), teck (0.96%), IT (0.68%), consumer durables (0.67%), and capital goods (0.67%). However, utilities, power, and services experienced a decline.





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