India News | Investors' Wealth Surges by Rs 12.26 Lakh Cr in 4 Days of Market Rally

New Delhi, Jun 27 (PTI) Equity investors became richer by Rs 12.26 lakh crore as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets.

On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35.

Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern.

In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent.

Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days.

Also Read | Did 21-Year-Old Muslim Man Marry His 65-Year-Old Grandmother After Grandfather's Death in Haryana? Fake News Along With Image From Old Scripted Video Goes Viral, Here's a Fact Check.

"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 Bajaj Broking market commentary.

On Friday, as many as 2,251 stocks advanced, while 1,760 declined and 154 remained unchanged on the BSE.

From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Bharat Electronics, Hindustan Unilever and Sun Pharma were among the major gainers.

In contrast, Trent, Eternal, Tech Mahindra, Axis Bank and Titan were among the laggards.

The BSE smallcap gauge climbed 0.54 per cent, and the midcap index went up by 0.38 per cent.

Among BSE sectoral indices, oil & gas jumped 1.21 per cent, 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).

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)