Latest News | Investors Wealth Zooms Rs 2.78 Lakh Cr in Market Rally

New Delhi, Nov 5 (PTI) Investors wealth on Thursday zoomed by Rs 2.78 lakh crore as markets witnessed heavy buying, with the Sensex reclaiming the 41,000-mark.

The 30-share BSE benchmark jumped 724.02 points or 1.78 per cent to close at 41,340.16.

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Helped by across-the-board buying, the market capitalisation of BSE-listed companies rose by Rs 2,78,054.29 crore to Rs 1,62,27,243.78 crore.

"Domestic market moved in tandem with the global market and marched to 8 months high, in expectation that the US presidential election is moving in favour of the Democratic Party," said Vinod Nair, Head of Research at Geojit Financial Services.

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All Sensex components closed in the green, with SBI emerging as the biggest gainer, rising 5.63 per cent after its Q2 results.

Tata Steel, IndusInd Bank, Bajaj Finance and Bajaj Finserv were other major gainers, rising up to 5.34 per cent.

Among BSE sectoral indices, metal rose by 4.43 per cent, followed by oil and gas (3.19 per cent), basic materials (2.57 per cent) and energy (2.39 per cent).

In the broader market, the BSE mid-cap and small-cap indices gained up to 1.74 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)