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

  • RBI's new lending norms to clean up bank books, check defaults

    As state-owned banks come closer to cleaning up their balancesheet by March next year, the Reserve Bank of India (RBI) has started another major refor

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

BK Chaturvedi

Governance is under serious attack

The prosecution of an extraordinarily honest civil servant like HC ...

Rajgopal Nidamboor

It is not easy to define emotion

Scientists, who analyse straightforward scientific facts, also recognise and comprehend ...

Dharmendra Khandal

Everything has its place in nature

Last week I was observing an injured animal, because of ...