Latest News | Investor Wealth Jumps over Rs 16.70 Lakh Cr in 6 Days of Market Rally

New Delhi, Feb 8 (PTI) Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday.

The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday. During the day, the benchmark index jumped to its all-time high of 51,523.38.

Markets have been gaining since February 1 (Budget day).

Since February 1, the market capitalisation of BSE-listed companies has zoomed Rs 16,70,154.05 crore to reach Rs 2,02,82,798.08 crore, its new record high. During this time, the 30-share BSE index has gained 5,063 points or 10.93 per cent.

Religare Broking Ltd Vice-President (Research) Ajit Mishra said, "The bulls continued to dominate the benchmark indices following supportive global cues."

Geojit Financial Services Head (Research) Vinod Nair said, "Strong global cues supported the domestic rally. The overall market is maintaining its buoyancy with rally in all sectors especially auto, IT and metals. Improved domestic outlook is encouraging sustained FPI inflows."

Market valuation of the BSE-listed companies had crossed the Rs 100-lakh crore milestone on November 28, 2014. HRS hrs

(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)