sensex jumps 934 point nifty ends above 15600 zws 70 | Nine Century Leap of Sensex

Mumbai: Global capital markets are expected to rebound after the US Federal Reserve cut interest rates, which it has planned to control inflation. On the domestic front, the Sensex and Nifty rebounded by 2 per cent each on Tuesday. The index rose for the second day in a row, adding Rs 5.77 lakh crore to investor sentiment.

The Sensex had jumped 1,100 points to close at 52,799.40 points in the previous session on buying by investors in shares of Reliance and leading IT companies. At the end of the day, the BSE benchmark Sensex rose 934.23 points, or 1.81 per cent, to close at 52,532.07. The wide-based National Stock Exchange index Nifty rose by 288.65 points, or 1.88 per cent, to 15,638.80.

The softening in global commodity prices and the decline in equity sales by foreign institutional investors have given rise to a surge in capital markets. They have once again begun to tighten their grip on the market. Measures taken by central banks around the world to control inflation are showing signs of improvement. However, at present the capital market is at a critical juncture and even minor adverse events can create volatility in the market, said Vinod Nair, head of research at Geojit Financial Services.

In the Sensex, Titan, State Bank, TCS, HCL Technology, Dr. Leading IT giants Wipro, Infosys, ITC and Tech Mihdra, along with Reddy’s and Tata Steel, were the biggest gainers. On the other hand, only Nestle India closed with a slight fall in the Sensex.

Increase in investor wealth

The combined market capitalization of listed companies rose by Rs 5.77 lakh crore to Rs 240.63 lakh crore in Tuesday’s session. The Sensex, which had experienced a sharp fall in the past week, gained 1,172 points in the Monday and Tuesday sessions, boosting investor sentiment.

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