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Equity investors became richer by over Rs 10.43 lakh crore in the past five days, as markets continued their winning momentum helped by foreign fund inflows and stable global trends. The market capitalisation of BSE-listed firms have surged Rs 10,43,216.79 crore to Rs 2,62,37,776.13 crore in the last five trading sessions (March 29-April 6). This week, equity markets were closed on Tuesday (April 4) for "Mahavir Jayanti". Markets are closed on Friday on account of "Good Friday". Last week, stock markets were closed on Thursday for "Ram Navami". The 30-share BSE Sensex has jumped 2,219.25 points or 3.85 per cent in the past five trading sessions. According to market analysts the benchmark indices have rallied aided by improved overseas fund inflows and positive global cues. "The Indian equity market saw gains for the second week in a row after a protracted period of underperformance, thanks to stable global cues, FII buying amid valuation comfort, and signs of a worldwide peak in
Equity investors' wealth jumped by over Rs 10.19 lakh crore in the three-day market rally to Monday. On Monday, the 30-share BSE Sensex soared by 1,041.08 points or 1.90 per cent to settle at 55,925.74. In three days, the bechmark has zoomed 2,176.48 points or 4 per cent. Helped by jump in equities, the market capitalisation of BSE-listed firms went up by Rs 10,19,936.84 crore to Rs 2,58,47,092.40 crore in three days. "Indian markets witnessed a smart rally on the back of positive global cues and early arrival of monsoon giving hopes of slowdown in inflation. On the global front, European and Asian markets edged higher following US market rally on last Friday," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services Ltd. Among Sensex stocks, Titan rose the most by 4.94 per cent, followed by Mahindra & Mahindra that rallied 4.69 per cent, Infosys by 4.57 per cent, L&T by 3.77 per cent, Tech Mahindra by 3.59 per cent, HCL Technologies by 3.57 per cent,