Market Sets New Record in July: Investors Earned 15.81 Trillion in 15 Days
The first half of July has seen significant gains in the Indian stock market, with both Sensex and Nifty showing robust performance. Over the past 15 days, Sensex has surged by more than 2%, closing at 80,664.86 points on July 15th from 79,032.73 points at the end of last month. Nifty, on the other hand, recorded a gain of nearly 2.5%, reaching a lifetime high of 24,635.05 points during the trading session.
Sectoral Performance
Telecom Stocks Shine: Among the top 10 valuable companies by market capitalization, telecom stocks have shown the most significant increase. However, companies like Airtel and HDFC Bank witnessed slight declines during this period.
Sensex and Nifty Performance
Sensex: The benchmark Sensex gained 1,632.13 points in the last 15 days, reflecting strong investor sentiment and optimism ahead of the upcoming budget announcement.
Nifty: Nifty surged by approximately 576.1 points in the first fortnight of July, closing at 24,586.70 points on July 15th, marking a substantial rise and touching a record high during the trading session.
Top Companies’ Market Capitalization
Reliance Industries: The market cap of Reliance Industries increased by Rs. 41,846.69 crore, reaching a total of Rs. 21,60,797.89 crore.
TCS: India’s largest IT services company saw its market cap rise by Rs. 95,173.79 crore, touching Rs. 15,08,018.88 crore.
HDFC Bank: Despite being the country’s largest private lender, HDFC Bank’s market cap witnessed a decline of Rs. 46,751.91 crore, settling at Rs. 12,34,113.52 crore.
Investor Gains
Investors have gained significantly during this period, with the BSE’s market capitalization increasing from Rs. 4,39,24,743.63 crore to Rs. 4,55,06,566.48 crore, marking a profit of Rs. 15,81,822.85 crore.