Investors' wealth rises due to 5 day winning streak in equity markets

4 Aug 2022 , 08:03 AM

In only six days, investors increased their wealth by nearly Rs13.53 trillion, with equities indexes on a winning streak amid foreign fund inflows and encouraging global indications.

On Wednesday, the 30-share BSE Sensex recorded its sixth consecutive session of advances, finishing 214.17 points or 0.37 percent higher at 58,350.53. 3.082.04 points, or 5.57 %, have been added to the standard during this time.

The market capitalization of companies listed on the BSE increased by Rs13,53,337.25 crore in six days to Rs2,71,08,366.69 crore, mirroring the upward trend in equity prices.

Following Tech Mahindra, TCS, Infosys, Asian Paints, Titan, ICICI Bank, Bharti Airtel, and Reliance Industries as the top gainers on Wednesday, the Sensex pack saw Tech Mahindra rise 1.97 %. Among the backward were Maruti Suzuki, Sun Pharma, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance, and ITC.

The BSE midcap gauges and smallcap index also experienced declines in the wider market of 0.60 and 0.28 %, respectively. IT increased 1.28 % among the BSE sector indexes, followed by teck (1.13 percent) and finance (0.02 percent). The industries that lagged were telecom, capital goods, real estate, automotive, basic materials, FMCG, and industrials.

According to exchange statistics, foreign institutional investors continued to be net purchasers in the capital markets on Wednesday, purchasing shares worth Rs765.17 crore.