Investors have benefited from the boom in the domestic stock markets since the last four sessions. According to the stock market data, there was an increase of Rs 6,44,760.45 crore in the assets of investors in the last four sessions. It is worth mentioning that in the last four sessions, based on 30 stocks, BSE Sensex gained 1,248.90 points or 2.58 percent. The market capitalization of listed companies on the BSE increased by Rs 6,44,760.45 crore to Rs 2,13,28,658.05 crore in the four sessions between May 5 and May 10.
Binod Modi, head (strategy) at Reliance Securities, said that despite the increase in cases of Covid-19 and travel restrictions imposed by many state governments, the stock markets witnessed a fourth consecutive session.
He said that despite the favorable global cues, good March quarter earnings and favorable commentary by companies, liquidity support announced by the RBI, and the nationwide lockdown not being implemented, the stock markets saw a boom despite COVID-19.
Binod Modi also said that the daily affairs of Covid-19, high positivity rate can affect investors’ sentiment. Due to these reasons, there will not be any big boom in the market.
On Monday, the stock of L&T was the biggest bounce in the top 30 companies of the Sensex. Shares of the company rose nearly four percent. After this, shares of Dr. Reddy’s Lab, Sun Pharma, and NTPC also saw a significant boom.
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