The ongoing boom in the domestic stock market for five consecutive trading sessions has led to a huge increase in the wealth of investors. The impact of softening of crude oil prices and reduction of global uncertainty due to the peace agreement between America and Iran was also seen on the Indian markets. During this period, the total wealth of investors increased by Rs 25.27 lakh crore.
Sensex made a big jump in five days
On Thursday, BSE’s 30-share major index Sensex closed at 77,409.98 points with a gain of 254.36 points or 0.33 percent. In the last five trading sessions, the Sensex has risen a total of 3,577.43 points or 4.84 percent. Continuous buying in the market and positive global signals have strengthened the confidence of investors.
Big jump in market capitalization
In this phase of boom, the total market capitalization of BSE listed companies increased by Rs 25,27,159 crore to Rs 4,77,60,939 crore. In dollar terms this figure is approximately 5.07 lakh crore dollars. This increase in market capitalization directly reflects the increase in investors’ wealth.
Buying in smallcap and midcap shares also
Investors remained interested not only in shares of big companies but also in the broader market. BSE Smallcap Select index rose 0.43 percent, while Midcap Select index registered a rise of 0.33 percent. This indicates that investors are increasing investment in mid and small cap companies along with big stocks.
Market crossed five trillion dollars
The total market capitalization of the Indian stock market again crossed the $5 trillion mark on Wednesday. Analysts believe that softening of crude oil prices, buying by foreign investors and improvement in the global economic environment have strengthened the market. If this positive environment continues then the market may touch new heights in the coming days.
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