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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Gurugram: Four college students held for night-time thefts of car tyres, rims
Gurugram (PTI): The Gurugram Police has busted an alleged tyre-theft gang that was active in the city for the past two months, police said on Saturday.
Four students from different colleges were arrested for allegedly stealing tyres and rims of vehicles parked outside houses and hotels during the night, police said, adding that the accused squandered the proceeds of theft on lavish escapades at clubs.
According to an official, the accused have confessed to 14 cases of tyre and rim thefts, and all four have been taken on a two-day police remand after being produced in court.
The accused were identified as Rishikesh (23), a chartered accountancy student from sector-39 Jharsa; Arjun (22), a native of Siwana village in Jhajjar studying BA (LLB) at Baba Mastnath University, Rohtak; Piyush Rana (23), resident of Jodhpur village in Palwal and a student of B Com in Gurugram University; and Tushar Kumar (22), a native of Bihar's Munger and a B Com student of DSD college, Gurugram.
According to the police, a crime branch team nabbed the gang on Friday.
A senior investigating officer said, during interrogation, the accused revealed that they would go out at night in a blue Maruti Suzuki Fronx car belonging to Arjun.
They would park the car near the target vehicle and, using a jack and other tools, removed the tyres, including the rims. Then, they would leave the vehicle on bricks and load the stolen tyres on to the Fronx before fleeing, the officer added.
The vehicle used in the crimes will be impounded soon, a Gurugram Police spokesperson said.
"During interrogation, the accused revealed that they are childhood friends and have studied together. All of them are fond of parties and clubs, and began stealing when they couldn't get pocket money from home. They had been actively involved in thefts for the past two months," he added.
