Buyers swarmed Dalal Street on November 12 on the auspicious occasion of Diwali, taking benchmark indices higher amid lower volume. Investors’ wealth jumped more than Rs 2.22 lakh crore as reflected in total market cap of BSE-listed companies.
The BSE Sensex added 354.77 points or 0.55 percent to 65,259.45. The broader NSE Nifty 50 index advanced 0.52 percent or 100.20 points to 19,525.55.
The total market cap of BSE-listed companies shot up to Rs 322.52 lakh crore, adding Rs 2.22 lakh crore to the investor wealth in 60 minutes of trading. That means investors' wealth rose by Rs 62 crore every second during the trade.
Broader markets outperformed. The Nifty Smallcap 100 added 1.14 percent while the Nifty Midcap rose 0.61 percent. The Nifty 500, the broadest index on NSE, added 0.61 percent.
All sectoral indices closed in the green. Nifty Media and Nifty IT were the biggest gainers, up 0.7 percent each. Nifty Consumer Durables and Nifty Metal were other big gainers.
Coal India was the biggest gainer among the Nifty 50 index, up about 3 percent, rising on its Q2 earnings performance. UPL, Infosys, Eicher Motors, Wipro and NTPC were other top gainers rising up to 2 percent.
Britannia, Apollo Hospitals, LTIMindtree, and Sun Pharma were those that closed in red.
"Hindu Samvat 2080 is likely to start on a positive note on the back strong earnings and healthy economic outlook. Samvat 2079 ended with the Nifty gaining around 10 percent, despite economic headwinds and global geopolitical concerns," said Motilal Oswal, Group MD & CEO, Motilal Oswal Financial Services.
"Entering into Samvat 2080, we believe India would continue to shine and expect markets to maintain its outperformance. We believe that over the next couple of quarters, sector rotation would be an important driver along with the overall market uptrend. We expect sectors like BFSI, Discretionary Consumption, Construction & Real Estate and High Growth Niche Sectors to drive the overall market uptrend."
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