MUMBAI: Equity investors added Rs12.26 lakh crore (Rs122 trillion) to their wealth in a market rally as benchmark indices extended gains for the fourth straight session on Friday, buoyed by easing geopolitical tensions and a decline in global crude oil prices.
The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 mark and ended the day at 84,058.90. During the session, the index touched an intraday high of 84,089.35, rising 333.48 points or 0.39 per cent.
Over the last four sessions, the benchmark index has surged by 2,162.11 points or 2.64 per cent. The market capitalisation of all BSE-listed firms rose by Rs12,26,717.72 crore during this market rally, taking the total to Rs4,60,09,217.58 crore, or about $5.38 trillion.
Firm footing
Benchmark indices Nifty and Sensex closed on a firm footing in the green on Friday, capping off the week with robust gains.
”The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,” according to a market commentary from Bajaj Broking.
On Friday, 2,251 stocks advanced on the BSE, while 1,760 declined and 154 remained unchanged.
Among the Sensex constituents, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Bharat Electronics, Hindustan Unilever and Sun Pharma were the top performers. On the other hand, Trent, Eternal, Tech Mahindra, Axis Bank and Titan ended in the red.
The BSE smallcap index gained 0.54 per cent, while the midcap index rose 0.38 per cent.
Sectorally, the BSE oil and gas index jumped 1.21 per cent, followed by services (1.17 per cent), power (1.14 per cent), commodities (1.11 per cent), energy (1.10 per cent), utilities (0.99 per cent) and telecommunication (0.90 per cent).
