Investors capital increased by Rs 2.17 lakh crore as the market reached a new peak.

Business Desk: Investors’ capital increased by Rs 2.17 lakh crore on Wednesday. Investors’ capital has increased as domestic markets have reached new highs due to continuous capital inflows from foreign institutional investors. Domestic stock markets continued their rise for the seventh consecutive session on Wednesday and reached new highs. The 30-share BSE Sensex jumped 303.25 points or 0.44 percent to hit a new record high of 69,599.39. Nifty also rose 100.05 points or 0.48 percent to hit a new all-time high of 20,955.15. Due to the sharp rise in the market, investors’ capital increased by Rs 2.17 lakh crore.

The market valuation (market cap) of BSE-listed companies collectively reached an all-time high of Rs 348.64 lakh crore on Tuesday. Yesterday it was Rs 346.47 lakh crore. Analysts said foreign institutional investors have reversed their selling strategy and have remained consistent buyers for the last seven days. This stance reflects their confidence in the Indian market. Among Sensex companies, ITC shares rose the most by 1.70 percent, Wipro by 1.43 percent, Tech Mahindra by 1.36 percent and Nestle India by 1.27 percent. HCL Tech, Asian Paints, and Reliance were also among the gainers.

The combined market valuation of all listed companies on BSE reached US$4000 billion for the first time on 29 November. The market capitalization of companies listed on the NSE crossed the US $ 4000 billion mark for the first time on Friday. Also, read this.