Equity investors become richer by Rs 15.18 lakh crore in five days of market rally
New Delhi, Dec 5: Investors' wealth surged Rs 15.18 lakh crore in five days of market rally that took the BSE benchmark Sensex up over 3 per cent.
In the past five trading days, the BSE barometer has jumped 2,722.12 points or 3.44 per cent.
Rallying for the fifth day running on Thursday, the 30-share benchmark Sensex jumped 809.53 points or 1 per cent to settle at 81,765.86. During the day, it soared 1,361.41 points or 1.68 per cent to 82,317.74.
The market capitalisation of BSE-listed firms surged Rs 15,18,926.69 crore to Rs 4,58,17,010.11 crore (USD 5.41 trillion) in the last five sessions.
The NSE Nifty surged 240.95 points or 0.98 per cent to settle at 24,708.40 on Thursday.
"Nifty surged for the 5th straight day, closing 0.98 per cent higher at 24,708, despite intraday volatility. It joined global markets in optimism, following new highs on the Dow, S&P 500, and Nasdaq. Bank Nifty also gained 0.63 per cent, while IT stocks rallied 1.95 per cent," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
From the 30-share pack, Tata Consultancy Services, Infosys, Titan, Bharti Airtel, Bajaj Finance, ICICI Bank, Tech Mahindra and HCL Technologies were the biggest gainers.
NTPC, Asian Paints and IndusInd Bank were the laggards.
As many as 2,141 stocks advanced while 1,825 declined and 117 remained unchanged on the BSE.
"Indian equities staged a strong rebound during the day, fuelled by robust buying in heavyweight stocks across various sectors and positive market sentiment. The upmove was further supported by Foreign Institutional Investors (FIIs), who turned net buyers, contributing over Rs 5,000 crore in the past two sessions," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.
Among sectoral indices, BSE Focused IT soared the most 1.96 per cent, while teck jumped 1.92 per cent, IT by 1.81 per cent and telecommunication 0.95 per cent. Bankex (0.68 per cent) and consumer durables (0.66 per cent) also advanced.
BSE services and realty emerged as the laggards.
The BSE midcap gauge climbed 0.27 per cent and the smallcap index went up by 0.16 per cent.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,797.60 crore on Wednesday, according to exchange data.
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President Trump in 'freefall', says fan-turned-critic podcaster Alex Jones
'Advises' Republicans to stay away from Trump while campaigning for midterm polls
Washington DC: Podcaster Alex Jones has reportedly claimed in his programme, 'The Alex Jones Show', that US President Donald Trump was in 'freefall', suggesting that it was best for Republican candidates to distance themselves from the President while campaigning for the upcoming midterm polls.
According to US media agencies, Jones, who was identified as a strong supporter of the President during his first term but a major critic of Trump in the recent months. He has reportedly criticized all of Trump's moves, from the attacks on Rep. Marjorie Taylor Greene to the President's health, not to mention the government's handling of the documents relating to convicted sex offender Jeffrey Epstein.
On the Tuesday edition of his show, Jones was found to be all the more vehement in his criticism of Trump, and was heard opining that the President looked sick. “When your ankles swell up three times the size they were before, that means heart failure. And he does look sick. And he does babble and, you know, sound like the brain’s not doing too hot,” said Jones. “And so we just cut bait on Trump, and we just mobilize against the Democrats.”
The podcaster also spoke about his father’s decline due to dementia, adding that Trump too was deteriorating in a similar manner and advising the President to take a holiday.
“Not the man he was that last year. And that– we need to be sad about Trump. This is not funny. This is not good. But he’s gone. And that’s it,” said Jones. “And all the people rallied around him, you can see, [Pete] Hegseth’s freaked out. You can see, the press secretary’s freaked out. They’re being loyal. They think it’s a lesser of two evils. And I, okay, but I just– Trump needs intervention. He needs to take some time off.”
Referring to the approval rate of merely 33 per cent for the President during the new election from the University of Massachusetts Amherst, the podcaster pointed out that Trump's popularity had fallen from 56 per cent and advised Republicans to keep away from Trump.
As reported by The Independent, the White House firmly denied in an official statement that Jones' claim that the President's health condition was waning.
“This is a complete b****t story that’s being desperately told to boost podcast views,” spokesperson Davis Ingle said. “The truth is that President Trump is the sharpest and most accessible President in American history who is working nonstop to solve problems and deliver on his promises, and he remains in excellent health.”
The post Alex Jones Says It’s Time to ‘Cut Bait on Trump’ Because the President ‘Is in Free Fall’ is reported to have first appeared on Mediaite.
