Tata Steel shares shine the most, Sensex-Nifty closed with gains.
Leading stock index Sensex climbed nearly 100 points in early trade on Thursday due to gains in big stocks like Infosys, TCS, and Maruti.
At the end of the trading session in the evening, the BSE main index closed at 61,235 points.
Shares of Tata Steel and Sun Pharma saw the highest jump of 6.4 percent and 3.5 percent. Nifty 50 closed at 18,257 points.
In the morning, the biggest gain of more than two percent in the Sensex was in PowerGrid. Apart from this, Tata Steel, TCS, Infosys, Maruti, and Sun Pharma were also among the top gainers.
Earlier on Wednesday, the market capitalization (market cap) of BSE-listed companies reached an all-time high of Rs 277.22 lakh crore Wednesday.
The investor’s capital has increased by Rs 6,08,024.55 crore in four trading sessions amid a continuous rally in the stock markets.
The BSE 30-share Sensex rose 533.15 points, or 0.88 percent, to 61,150.04 on Wednesday. In this way, Sensex has gained 1,548.2 points in the last four trading days.
The market capitalization of BSE-listed companies rose to Rs 2,77,22,916.43 crore, it’s an all-time high, amid the ongoing rally in the market.
According to analysts, this rally shows complete control of the bulls in the market. Financial results of major banks will start coming from Saturday.
Tata Steel shares shine the most: The results are expected to be good due to lower provisioning for bad loans and higher net interest margin.
Vinod Nair, Head of Research, Geojit Financial Services, said that despite the increase in cases of Covid infection, benchmark indices led by realty, auto, energy, and bank stocks rose for the fourth consecutive trading session.
Global sentiment remained positive ahead of the release of US inflation data. The Federal Reserve chief’s statement has allayed concerns about inflation.