Riding the FII wave: Sensex, Nifty scale new heights, investor wealth swells by Rs 4.2 lakh crore

economictimes.indiatimes.com:

Sensex and Nifty closed at new record highs on Monday, led by financial stocks helped by strong foreign fund inflows and a largely firm trend in Asian markets.
Rallying for the third day running, the 30-share BSE Sensex jumped 384.30 points, or 0.45 per cent, to settle at an all-time high of 84,928.61. The NSE Nifty rose 148.10 points, or 0.57 per cent, to close at a record peak of 25,939.05.

Meanwhile, the market capitalisation of all listed companies on the BSE surged by Rs 4.2 lakh crore to Rs 475.9 lakh crore.

From the Sensex pack, HDFC Bank, Bharti Airtel, M&M, SBI, Reliance Industries, and Kotak Mahindra Bank were the top contributors to the index's rise, while ICICI Bank, Infosys, TCS, and Asian Paints weighed on the index.

Among individual stocks SBFC Finance shares closed 20% higher after credit ratings agency ICRA upgraded its bank facilities with a 'stable' outlook.

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