Investor wealth increased by Rs 15.80 lakh crore in two trading sessions as equities rallied sharply amid falling crude oil prices and rising hopes of de-escalation in the Middle East conflict.There has been a bullish trend in the stock markets for the last two days, with the BSE Sensex rising by 2,577.06 points or 3.54 per cent. On Wednesday, the 30-share benchmark closed 1,205 points or 1.63 per cent higher at 75,273.45.Reflecting improvement in investor sentiment, the market capitalization of BSE-listed companies increased by Rs 15,80,204.92 crore to Rs 4,31,01,834.74 crore (US$4.59 trillion) during the period.Here are the day’s top gainers and losers:
nifty50 top gainers
- Shriram Finance (+5.80%)
- UltraTech Cement (+4.09%)
- Bajaj Finance (+3.98%)
- Grasim Industries (+3.86%)
- Adani Enterprises (+3.78%)
- Larsen & Toubro (+3.77%)
- Titan Company (+3.59%)
- InterGlobe Aviation (+3.47%)
- Trent (+3.37%)
- Dr Reddy’s (+3.27%)
nifty50 top loser
- Tech Mahindra (−1.69%)
- Power Grid (−1.34%)
- Tata Consultancy Services (-0.90%)
- Bharat Electronics (-0.25%)
BSE Sensex Top Gainers
- UltraTech Cement (+4.09%)
- Bajaj Finance (+3.98%)
- Larsen & Toubro (+3.77%)
- Titan Company (+3.59%)
- InterGlobe Aviation (+3.47%)
- Trent (+3.37%)
- Mahindra & Mahindra (+3.20%)
- Tata Steel (+3.08%)
- State Bank of India (+2.90%)
- Quality Walls (+2.59%)
BSE Sensex Top Loser
- Tech Mahindra (−1.69%)
- Power Grid (−1.34%)
- Tata Consultancy Services (-0.90%)
- Bharat Electronics (-0.25%)
“Indian equities continued to rise for the second consecutive session on the back of improving global cues and emerging hopes of a possible de-escalation in the ongoing US-Iran conflict,” Siddharth Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, was quoted as saying by PTI.Global oil benchmark Brent crude fell 6.16 percent to US$97.79 per barrel.Vinod Nair, Head of Research, Geojit Investments Ltd, said, “With improving global risk sentiment, peace hopes emerged on the radar, the market continued the momentum of the previous day. Potential diplomatic progress between the US and Iran – despite mixed geopolitical comments – took crude oil prices below US$100, which was welcomed by the market.”In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng indices closed higher, while European markets were also trading in positive territory.All sectoral indices closed in the green with BSE Midsmall Private Bank Quality tilt rising 3.70 per cent, followed by Commodity (2.75 per cent), PSU Bank (2.61 per cent), Realty (2.53 per cent), Metal (2.51 per cent), Industrials (2.49 per cent) and Services (2.42 per cent).“Markets continued their recovery for the second consecutive session on Wednesday, supported by easing geopolitical tensions and falling crude oil prices,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.According to exchange data, 2,959 shares advanced while 1,357 shares declined and 156 shares remained unchanged on the BSE.