Investors have earned Rs 3,93,349.08 crore in four days because of a robust rebound in the financial markets and a downward trend of Covid-19 cases.
The 30-share BSE Sensex has risen 1,299.91 points, or 2.56 per cent, in four straight sessions of gains.
On Monday, the BSE benchmark index closed at 51,937.44, a rise of 514.56 points, or 1 per cent.
BSE-listed companies' market capitalisation increased by Rs 3,93,349.08 crore in four days to conclude at a new high of Rs 2,22,99,810.27 crore on Monday.
"After making a flat start, the market extended gains throughout the session. Investor sentiments remained bullish over hopes of a revival in the global economy and a declining trend in Covid-19 cases continues to offer comfort to investors,” said Sumeet Bagadia, Executive Director, Choice Broking. "Index heavyweight Reliance and large banking stocks like ICICI Bank and HDFC Bank were among the top contributors to benchmark gains in today's session," he added.
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With a rise of 3.13 per cent, Reliance Industries led the 30-share frontline companies pack, followed by ICICI Bank, Bharti Airtel, Dr. Reddy's, Maruti, and ITC.
M&M, Infosys, L&T, and IndusInd Bank, on the other hand, were among the laggards.
The BSE midcap and smallcap indices rose up to 0.50 per cent in the broader market.
"The rise in heavyweights supported the rally and sectors like metal, private banks, and energy witnessed maximum gains in anticipation of better economic growth," said Vinod Nair, Head of Research at Geojit Financial Services.
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