In three days, the market rally increases investors’ funds by more over Rs 9 billion

The market capitalization of BSE-listed enterprises now stands at Rs 2,66,58,604.02 crore after the uptrend continued, adding Rs 9,03,574.58 crore.

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As the bulls ruled the Indian stock markets for three days, investors saw gains of more than 9 lakh crore. The benchmark 30-share BSE Sensex increased by 712.46 points or 1.25 percent today to close at 57,570.25, the highest level in more than three months, driven by robust buying support in companies related to metal, banking, and energy.

The advance in the equity markets has now lasted three days in a row. Yesterday, the Sensex increased by 1041.47 points, or 1.87 percent. The benchmark has increased by 2,301.76 points, or 4.16 percent, in the last three days.

The market capitalization of companies listed on the BSE has increased by 9,03,574.58 crore as a result of the rise, and it is currently Rs 2,66,58,604.02 crore.

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“Domestic equities continued its northward journey for the third consecutive day on the back of healthy corporate earnings and positive global cues,” Siddhartha Khemka, Head – Retail Research of Motilal Oswal Financial Services Ltd, was quoted as saying by news agency PTI.

According to analysts, the markets have recovered as a result of softer commodity prices, less selling by foreign institutional investors (FIIs), and a stronger-than-expected results season.

“Markets traded robust for yet another session and gained over a per cent,” Ajit Mishra, VP – Research at Religare Broking Ltd, said today.

The BSE smallcap gauge and midcap index both increased today in the broader market, at 1.38 percent and 1.01 percent respectively.

Tata Steel, Sun Pharma, Bajaj Finserv, IndusInd Bank, Infosys, Asian Paints, Reliance Industries, and Bajaj Finance were among the major Sensex gainers.

The backwards were Dr Reddy’s, Kotak Mahindra Bank, State Bank of India, ITC, and Axis Bank.

Purchasing support was widespread. Among the 30 stocks that make up the benchmark Sensex, only five finished the day in the red.

To Rs 4090.35, Dr Reddy’s Laboratories saw a 3.96 percent decline. SBI, ITC, Kotak Bank, and Axis Bank all reported negative final results.

All BSE sectoral indices finished in the green, with metal rising the most by 4.59 percent, followed by energy (2.41%), basic materials (2.30%), oil & gas (2.21%), IT (1.71%), teck (1.68%), and consumer durables (1.68%). (1.47 percent ).