Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict.Stock markets have been gaining for the past two days, with the BSE Sensex rising 2,577.06 points or 3.54 per cent. On Wednesday, the 30-share benchmark jumped 1,205 points or 1.63 per cent to settle at 75,273.45.Reflecting the improvement in investor sentiment, the market capitalisation of BSE-listed companies increased by Rs 15,80,204.92 crore to Rs 4,31,01,834.74 crore (USD 4.59 trillion) during the period.Here are the top gainers and losers of the day:
Nifty50 top gainers
- Shriram Finance (+5.80%)
- UltraTech Cement (+4.09%)
- Bajaj Finance (+3.98%)
- Grasim Industries (+3.86%)
- Adani Enterprises (+3.78%)
- Larsen & Toubro (+3.77%)
- Titan Company (+3.59%)
- InterGlobe Aviation (+3.47%)
- Trent (+3.37%)
- Dr Reddy’s (+3.27%)
Nifty50 top losers
- Tech Mahindra (−1.69%)
- Power Grid (−1.34%)
- Tata Consultancy Services (−0.90%)
- Bharat Electronics (−0.25%)
BSE Sensex top gainers
- UltraTech Cement (+4.09%)
- Bajaj Finance (+3.98%)
- Larsen & Toubro (+3.77%)
- Titan Company (+3.59%)
- InterGlobe Aviation (+3.47%)
- Trent (+3.37%)
- Mahindra & Mahindra (+3.20%)
- Tata Steel (+3.08%)
- State Bank of India (+2.90%)
- Kwality Wall’s (+2.59%)
BSE Sensex top losers
- Tech Mahindra (−1.69%)
- Power Grid (−1.34%)
- Tata Consultancy Services (−0.90%)
- Bharat Electronics (−0.25%)
“Indian equities extended their recovery for the second consecutive session, supported by improving global cues and emerging hopes of a potential de-escalation in the ongoing US–Iran conflict,” Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, PTI quoted.Brent crude, the global oil benchmark, declined 6.16 per cent to USD 97.79 per barrel.“Markets continued to build on the previous day’s momentum as global risk sentiment improved, with hopes of peace emerging on the radar. Potential diplomatic progress between the US and Iran—despite mixed geopolitical commentary — led to easing crude oil prices below USD 100, which was welcomed by the market,” Vinod Nair, Head of Research, Geojit Investments Limited, said.In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng index ended higher, while European markets were also trading in positive territory.All sectoral indices closed in the green, with BSE MidSmall Private Banks Quality Tilt rising 3.70 per cent, followed by commodities (2.75 per cent), PSU Bank (2.61 per cent), realty (2.53 per cent), metal (2.51 per cent), industrials (2.49 per cent) and services (2.42 per cent).“Markets extended their recovery for the second consecutive session on Wednesday, supported by easing geopolitical tensions and a decline in crude oil prices,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.On the BSE, 2,959 stocks advanced, while 1,357 declined and 156 remained unchanged, according to exchange data.