Investor wealth zooms Rs 2.87 lakh cr as market hits record high
New Delhi, May 23
Investor wealth zoomed Rs 2.87 lakh crore in morning trade on Thursday led by a rally in the equity market where the BSE benchmark Sensex hit 40,000-mark for the first time ever.
The 30-share index zoomed over 900 points to hit an intra-day high of 40,012.35. During the trade, it hit an all time high of 40,124.96, as early trends suggested a majority for the ruling NDA.
Following the jump in stocks, the market capitalisation of BSE listed companies rose sharply by Rs 2,87,028.8 crore to Rs 1,53,56,153.14 crore in early trade from Rs 1,50,69,124.34 crore on Wednesday.
From the Sensex pack, 25 scrips were trading with gains led by Yes Bank, IndusInd Bank, L&T, SBI, ICICI Bank, Kotak Bank and RIL.
Nearly two hours into counting, television channels on Thursday showed India's ruling NDA leading in more than 300 seats with the BJP at 270-plus while the UPA hovered around the 100 mark. PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Election Commission has banned party’s campaign song, claims AAP
It is probably the first time that the EC has imposed a ban ...
Drugs worth Rs 600 crore seized from Pakistani boat off Gujarat coast; 14 crew members held
The overnight operation in the Arabian Sea was carried out i...
Arvinder Singh Lovely resigns as Delhi Congress chief
Lovely expresses his disagreement with the decision to ally ...
Siddaramaiah orders SIT probe into 'sex scandal' involving Deve Gowda’s grandson
Prajwal Revanna was the NDA candidate in Hassan Lok Sabha co...
Village defence guard killed in gunfight with terrorists in J-K's Udhampur
A massive search operation is under way to flush out the ter...
