Sensex jumps over 2,100 points in 4 days; investors earn ₹12 lakh crore; 5 key factors that drove the rally
Indian stock market extended gains to the fourth consecutive session on Friday, June 27, with the benchmarks- the Sensex and the Nifty 50- clocking decent gains amid largely positive global cues.
The Sensex closed 303 points, or 0.36 per cent, higher at 84,058.90, while the Nifty 50 settled at 25,637.80, up 89 points, or 0.35 per cent.
The domestic market saw gains across segments as the BSE Midcap and Smallcap indices rose 0.38 per cent and 0.54 per cent, respectively.
The Sensex rose 2,162 points, or nearly 3 per cent, in the last four sessions. The Nifty 50, too, gained nearly 3 per cent in the same period.
The cumulative market capitalisation of BSE-listed firms has jumped to ₹ 460 lakh crore from ₹ 448 lakh crore on Monday, June 23, making investors richer by about ₹ 12 lakh crore in just four sessions.
The Nifty 50 is now just 640 points, or 2.4 per cent below its all-time high of 26,277.35 hit on September 27 last year, while the Sensex is 1,919 points, or 2.2 per cent, below its record high of 85,978.25.
(This is a developing story. Please check back for fresh updates.)
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