Mumbai : Altogether 367 stocks at BSE hit their upper circuit limits on Tuesday while. 240 stocks touched their fresh 52-week highs as investors added Rs 3.5 lakh crore to their wealth.
Benchmark equity indices logged their biggest gain in four months on Tuesday. The 834-point rally for Sensex on Tuesday was its biggest since September 25, 2019. Nifty reclaimed 14,500 after waiting for two sessions, lifting combined market values of three most valued companies by Rs 49,200 crore.
The market capitalisation of LL BSE listed companies hit a high of Rs196,23,469 crore on Tuesday, up Rs 3.46 lakh crore over Monday’s Rs 1,92,77,303 crore. However the rise in investor wealth was witnessed after two days of wealth erosion.
Notably, three most valued firms — Reliance Industries, TCS and HDFC Bank added Rs 49,207.76 crore to their combined market value. Reliance Capital witnessed its mid-cap rising by Rs 19,621 crore to Rs 12.77 lakh crore, TCS by Rs 18,462 crore to Rs 12.27 lakh crore and HDFC Bank by Rs 11,125 crore to Rs 8.28 lakh crore.
A total of 367 stocks hit the upper circuit limits . It included Indo Count Industries which hit its 5 per cent upper circuit limit at Rs 148.20. Tejas Networks and Majesco also hit their 5 per cent upper circuit limits at Rs 137.75 and Rs 28.70 respectively. Jain Irrigation also hit a 5 per cent circuit limit at Rs 21.75.
Altogether, 240 shares hit the 52-week highs, This included three Sensex companies –Bajaj Auto, HDFC Bank and TCS. In the BSE100 pack, Apollo Hospitals hit its 52-week high of Rs 2657.35 while DLF hit a one-year high of Rs 299.45, Godrej Consumer Rs 795.85 and Grasim Rs 1052.80. Seimens also hit a one-year of Rs 1705.50.
