Sensex returns to 62,000: Investors' wealth erodes by Rs 3.27 lakh crore

The Sensex rose 1000 points in two days

Sensex rises intraday, touches 62245 lifetime high, falls 49 points again

Ahmedabad: A new history was made in the Indian stock market today. The Sensex opened higher today at the Lifetime High of 62245 after the Sensex jumped to a historic high of 62000, following other positive reports from the government as well as the Reserve Bank of India (RBI).

The Sensex fell 49 points to close at 61,716 at the end of the trading session as the initial correction was erased on the back of lucrative selling pressure from funds, including funds. Despite the Sensex hitting a historic high of 62,000 today, investors' wealth (BSE market cap) has risen to Rs. 3.27 lakh crore was eroded.

A series of measures to boost the economy after the domestic epidemic was brought under control, including the encouraging results of the leading companies in the September quarter corporate results season, as well as certain favorable global reports.

The Sensex had touched a low of Rs 62,000 at the start of trading today on the Mumbai Stock Exchange. At one point, it rose intraday and touched a lifetime high of 62245.43.

Investors' wealth (BSE market cap) plunged 5 per cent today after the Sensex touched a historic high of 62,000. Yesterday (Monday) the market cap of BSE was Rs. It hit a record high of Rs 274.70 lakh crore today. 271.42 lakh crore. Thus, in a single day, Rs. 3.27 lakh crore was eroded.