Nifty 17000, Sensex 57000 jumped to the top: Investors' wealth 250 lakh crore

In two days, stocks of foreign funds bought more than Rs 5,000 crore

In two days, the Sensex jumped 1428 points, the Nifty 427 points

The rupee jumped 68 paise to Rs 73 against the dollar in two days

MUMBAI: Indian stock markets set a number of records today. Today, the Sensex crossed the 57,000 level for the first time and the Nifty crossed the 17,000 level for the first time as a result of relentless buying by foreign funds in stocks. Crore to a new record high of Rs 250.02 lakh crore.

With India's GDP growth projected at 20.1 per cent in June 2021 and positive monsoon progress, global positive factors today saw foreign funds buy stocks worth a whopping Rs 3,881 crore on the last day of August, with the Sensex trading at Rs 5,081 crore in two days. The jump of 201.15 points put it at a new historic high of 17132.20.

With this, in two days, the Sensex has risen by 1428 points and the Nifty by 427 points. Funds, investors rallied in AIT-Software Services, Healthcare-Pharma, Consumer Durables, FMCG, Metal-Mining, Oil-Gas stocks. With this, the Indian rupee continued to strengthen against the US dollar, rising another 26 paise to a high of Rs 73 today. Which has risen 68 paise in two days.

Concerns over the third wave of Corona transition and re-transition in some states, including Kerala, continue to drive economic liberalization by the central government to boost economic growth, and corporate India continues to attract foreign funds through new projects and expansion schemes. Is.

The funds bought heavily in Bharti Airtel after the company decided to issue Rs 21,000 crore worth of right shares and signaled an increase in telecom tariffs.

Of course, many small, mid-cap and cash segment stocks rallied amid expectations of a reduction in intra-day trading volumes as new rules for margins of cash and derivatives up to 100 per cent will be implemented in the stock markets from September 1. So out of the total 3497 scrips traded on the BSE, the number of gainers was 1518 and the number of losers was 1692.

The only seller in 206 stocks had a bearish lower circuit against the bullish circuit of 293 stocks. FIIs-Foreign Institutional Investors, Foreign Portfolio Investors-FPIs were net buying of Rs 3,881.16 crore in cash today-Tuesday.

A total of Rs 18951.77 crore was sold against a total purchase of Rs 22832.93 crore. DII-domestic institutional investors had a net sale of Rs 1,872.40 crore in cash today. A total of Rs 7864.24 crore was sold against a total purchase of Rs 5991.84 crore.

For the second day in a row, the stock-based market capitalization of companies listed on the BSE has risen sharply for the second day in a row.

Thus, in two days, investors' wealth-accumulated market capitalization in stocks has increased by Rs 6.29 lakh crore and in the last four trading days by Rs 8.48 lakh crore. This is a huge increase of Rs 14.53 lakh crore for the entire month of August 2021.

In global markets, Japan's Nikkei index and Hong Kong's Hang Seng gained more than 300 points in Asian markets today. While in Europe, US stock markets were moderately soft.