Bull run: Investors' wealth grows by ₹36.65 lakh crore in 7 days

Investors added ₹36.65 lakh crore to their wealth in seven days of a steep rally in the equity market, where the benchmark Sensex jumped over 8% during this period.

On Wednesday, the 30-share BSE benchmark gauge jumped 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged 658.96 points or 0.82% to 80,254.55.

In the past seven trading days, the BSE benchmark zoomed 6,269.34 points or 8.48%.

Thanks to the rally in equities, the market capitalisation of BSE-listed firms surged by ₹36,65,542.83 crore to ₹4,30,47,876.05 crore ($5.04 trillion) during this time.

Among the Sensex firms, HCL Tech surged the most by 7.72% after the firm posted an 8.1% increase in consolidated net profit at ₹4,307 crore for the March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore.

Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Tata Consultancy Services, Tata Steel, Bharti Airtel and Maruti were also among major gainers.

HDFC Bank, Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC and UltraTech Cement were the laggards.

The BSE midcap gauge climbed 0.94% and smallcap index went up by 0.26%.

Among BSE sectoral indices, BSE Focused IT surged 4.25%, IT jumped 4%, teck (3.10%), auto (2.34%), realty (1.37%), consumer discretionary (1.02%), healthcare (0.96%) and industrials (0.84%).

Financial Services, bankex and consumer durables were the laggards.

As many as 2,078 stocks advanced while 1,873 declined and 155 remained unchanged on the BSE.