The 834-point rally for Sensex was its biggest since September 25, 2019. Nifty reclaimed 14,500 after two sessions of wait, lifting combined market values of three most valued companies by Rs 49,200 crore.
Here are stocks and sectors that gained the most in Tuesday’s rally:
Investor wealth swells Rs 3.5 lakh crore
The market capitalisation of all BSE listed companies hit a high of Rs 1,96,23,469 crore on Tuesday, up Rs 3.46 lakh crore over Monday’s Rs 1,92,77,303 crore. The rise in investor wealth was seen after two days of wealth erosion. The benchmark BSE Sensex was down 1 per cent each in the previous two sessions.
Top 3 firms add Rs 49,000 crore in value
Three most valued firms — Reliance Industries, TCS and HDFC Bank — added Rs 49,207.76 crore to their combined market value. Reliance Industries saw its m-cap rising by Rs 19,621 crore to Rs 12.77 lakh crore, TCS by Rs 18,462 crore to Rs 12.27 crore and HDFC Bank by Rs 11,125 crore to Rs 8.28 lakh crore.
367 stocks hit upper circuit limits
This list included Indo Count Industries which hit its 5 per cent upper circuit limit at Rs 148.20. Tejas Networks also got locked at its 5 per cent upper circuit limit at Rs 137.75. Majesco hit its 5 per cent upper circuit limit at Rs 28.70. Jain Irrigation also hit a 5 per cent circuit limit at Rs 21.75.
240 shares hit 52-week highs
The list included three Sensex firms Bajaj Auto, HDFC Bank and TCS. In the BSE100 pack, Apollo Hospitals hit its 52-week high of Rs 2,657.35. DLF hit a one-year high of Rs 299.45, Godrej Consumer Rs 795.85 and Grasim Rs 1,052.80. Siemens also hit one-year high of Rs 1,705.50.
Midcap stocks rally up to 7%
Among midcaps, IDFC First Bank advanced 7.73 per cent to Rs 50.20. L&T Finance rose 7.64 per cent to Rs 107.10. Federal Bank climbed 5.31 per cent to Rs 75.40. Jindal Steel, Shriram Transport, Adani Green, REC and Adani Enterprises, and BHEL gained 4.5-4.8 per cent. Out of 101 index stocks, 21 midcaps outperformed the index’s 2 per cent return for the day by two times.