Investors become richer by over Rs 1 lakh cr in strong market

Tags: News
Tracking an extremely strong sentiment in the stock market, investors became richer by over Rs 1 lakh crore today.

The Sensex surged to a new intra-day historic high of 25,644.77 before ending the day at 25,580.21 - a new closing peak - up by 183.75 points or 0.72 per cent.

Boosted by the robust sentiment in the market, investor wealth surged Rs 1,04,643 crore to Rs 90,36,541 crore.

Among the 30-Sensex constituents, 24 ended the day in green led by Coal India Ltd that rose by 5.60 per cent.

From the 12 BSE sectoral indices, 11 settled the day with gains, with the realty index surging 6.01 per cent.

"Extending their previous session jubilation, the benchmarks remained upbeat. After initial gains, it further rose after President Pranab Mukherjee unveiled new government's economic reforms agenda, which included introducing a general sales tax, encouraging foreign investment and speeding approvals for major business projects," said

Jayant Manglik, President-retail distribution, Religare Securities Limited.

Addressing a Joint Sitting of Parliament, President Pranab Mukherjee said curtailing food inflation will be Prime Minister Narendra Modi's top priority as his government pursues broad economic reforms focused on job creation, reviving growth, encouraging FDI and introducing a non- adversarial tax regime.

In the market, 2,348 stocks advanced, while 748 declined and 72 remained unchanged.

EDITORIAL OF THE DAY

  • India’s political space acts as a safety valve for maverick politicians and frustrated electorate

    While it is easy to be cynical about Indian democracy and its ways, the fact is that the vast political space that the system provides for in this cou

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Bangladesh no country for atheists

It’s a matter of pride to be a freethinker, atheist ...

Purnendu Ghosh

Silence makes you aware of yourself

Often, we don’t feel the necessity of making contact with ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture