In the current week's trade, equity investors in India witnessed a surge in wealth, with gains amounting to Rs 2 lakh crore, as the benchmark BSE Sensex breached the 71,000 mark for the first time. This rally was driven by optimistic global market trends following the decision of the US Federal Reserve to maintain its key interest rate and indicate potential rate cuts in the coming year. Continuous inflows of foreign funds have further fueled the upward momentum in stocks.

The 30-share BSE Sensex marked a historic high of 71,084.08, rising by 569.88 points during the morning session, extending a three-day rally. The market capitalization (mcap) of BSE-listed companies also peaked at Rs 357 lakh crore in early trade.

Notable gainers among the Sensex firms included Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro, and JSW Steel. However, Nestle, Bharti Airtel, Axis Bank, and ITC experienced a lag in performance.

Across Asian markets, positive trends were observed in Seoul, Tokyo, Shanghai, and Hong Kong. In the US, markets closed higher on Thursday. According to exchange data, Foreign Institutional Investors (FIIs) played a significant role, injecting Rs 3,570.07 crore into equities on Thursday. The overall buoyancy in the market reflects domestic and global factors contributing to the growing optimism among investors.

In the current week's trade, equity investors in India witnessed a surge in wealth, with gains amounting to Rs 2 lakh crore, as the benchmark BSE Sensex breached the 71,000 mark for the first time. This rally was driven by optimistic global market trends following the decision of the US Federal Reserve to maintain its key interest rate and indicate potential rate cuts in the coming year. Continuous inflows of foreign funds have further fueled the upward momentum in stocks.

The 30-share BSE Sensex marked a historic high of 71,084.08, rising by 569.88 points during the morning session, extending a three-day rally. The market capitalization (mcap) of BSE-listed companies also peaked at Rs 357 lakh crore in early trade.

Notable gainers among the Sensex firms included Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro, and JSW Steel. However, Nestle, Bharti Airtel, Axis Bank, and ITC experienced a lag in performance.

Across Asian markets, positive trends were observed in Seoul, Tokyo, Shanghai, and Hong Kong. In the US, markets closed higher on Thursday. According to exchange data, Foreign Institutional Investors (FIIs) played a significant role, injecting Rs 3,570.07 crore into equities on Thursday. The overall buoyancy in the market reflects domestic and global factors contributing to the growing optimism among investors.