D-Street investors’ kitty swells by nearly Rs 8 lakh crore as markets skyrocket

Mumbai, Mar 5: Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets.

The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23. The index jumped 943.87 points or 1.29 per cent to hit an intra-day high of 73,933.80.

The market capitalisation of BSE-listed firms surged by Rs 7,97,247.7 crore to Rs 3,93,04,041.75 crore (USD 4.51 trillion).

“The benchmark indices bounced back sharply with the Sensex rising by 740 points. Among sectors, all major sectoral indices traded in the green, with the Metal Index rallying by over 4 per cent,” Shrikant Chouhan, Head, Equity Research at Kotak Securities, said.

Hectic buying was seen in blue-chip counters like Bharti Airtel, Utilities, Power and Services shares.

Adani Ports, Tata Steel, Power Grid, Mahindra & Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India and HCL Technologies were the biggest gainers in the Sensex pack.

Shares of all eleven Adani group stocks ended higher, with Adani Green Energy surging more than 10 per cent in tandem with a rally in the equity market.

Adani Green Energy’s stock zoomed 10.42 per cent to close at Rs 848.45, Adani Energy Solutions jumped 10 per cent to end at Rs 710.80 -- also its upper circuit limit, Adani Wilmar climbed 7.76 per cent to finish at Rs 258.40, and Adani Total Gas appreciated by 7.70 per cent to settle at Rs 588.90 per piece on the BSE.

Shares of NDTV rose 5.47 per cent to close at Rs 119.50, Adani Ports & Special Economic Zone climbed 5.02 per cent to settle at Rs 1,112.55, Adani Enterprises increased 4.57 per cent to end at Rs 2,244.85, and Adani Power appreciated 4.55 per cent to close at Rs 505.55.

Additionally, Ambuja Cements’ scrip rose 3.18 per cent to settle at Rs 489.95, Sanghi Industries increased 2.97 per cent to end at Rs 54.75, and ACC went up 1.36 per cent to close at Rs 1,856.65 apiece on the bourse.

All the sectoral BSE indices ended higher, with Utilities surging 4.40 per cent, Power by 3.67 per cent, Services by 3.64 per cent, metal by 3.52 per cent, Telecommunication by 3.36 per cent, Commodities by 2.88 per cent and Oil & Gas by 2.46 per cent.