Sensex soars 1,233 points; Nifty nears 23,450 as markets extend rally for third straight session
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- ✓Sensex soared 1,233 points and Nifty neared 23,450 as markets extended their rally for a third straight session on Monday.
- ✓Investor wealth grew by Rs 7.92 lakh crore as global cues and lower oil prices helped.
- ✓Ajit Mishra said, "Markets staged a rally on Monday, extending their recovery as favourable global cues."
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- MARKET
- Reported By
- Business Today
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The rally added significantly to investor wealth. The total market capitalisation (m-cap) of BSE-listed companies increased by around Rs 7.92 lakh crore to Rs 482.29 lakh crore, compared with Rs 474.37 lakh crore in the previous session.
Ajit Mishra, SVP – Research, Religare Broking, said favourable global cues, easing crude oil prices and encouraging corporate earnings supported investor sentiment.
"Markets staged a rally on Monday, extending their recovery as favourable global cues, easing crude oil prices and encouraging corporate earnings lifted investor sentiment. The Nifty moved above the 23,400 mark, while the Sensex advanced nearly 1,200 points, reflecting broad-based buying interest," Mishra stated.
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