Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.
The market capitalization of BSE-listed companies rose to an all-time high of Rs 462.38 lakh crore on Wednesday, following four days of gains in the benchmark indices.
The 30-share BSE Sensex closed 285.94 points or 0.35 percent higher at 81,741.34 – an all-time high.
In the last 4 trading sessions, the BSE benchmark increment 408.62 points or 0.50 percent, giving investors rise of over Rs 5.45 lakh crore.
Investor wealth rose by Rs 5,45,337.02 crore in the last four days to reach a record high of Rs 4,62,38,008.35 crore (US$5.52 trillion) on Wednesday. “Sebi’s action on futures and options trading is highly desirable and can go a long way towards making the ongoing rally healthier and less speculative.
“The irrational exuberance of retail investors, especially new investors who have come into the market post the Covid crisis, will do more harm than good to the overall market in the long run,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services. Therefore, these regulatory measures should be welcomed, he said.
Among Sensex stocks, JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports & Special Economic Zone, Bharti Airtel, ITC and Tech Mahindra were the major gainers.
Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.
At market close, the BSE smallcap gauge fell 0.14 percent against the broader market. However, the BSE Midcap gauge jumped 0.86 percent. Both indices hit their all-time highs during the day.
Among the indices, Utilities rose by 1.57 percent, Power by 1.46 per cent, Metal by 1.12 percent, Healthcare by 0.91 per cent and Commodity by 0.74 percent. Energy, telecom and realty lagged behind. At least 2,051 shares advanced, while 1,897 shares declined and 88 shares remained unchanged.
According to exchange data, foreign institutional investors sold equities worth Rs 3,462.36 crore on Wednesday.
