Sensex soars to touch 14,000 mark
The Bombay Stock Exchange benchmark Sensex had a 2,000 point plus rise to the 14,000 level as the markets welcomed the decisive win of the ruling UPA government in the Lok Sabha elections.
Investor wealth, measured in terms of the combined market capitalisation of all the listed companies, increased by over Rs 6,56,477 crore in the first 30 seconds and then after the resumption of trading at 1155 hours, to Rs 44,63,420.97 crore.
The 30-share Bombay Stock Exchange Sensex zoomed 1,305.97 points at 13,479.39, hitting the upper circuit within seconds of opening of trade, following which trading was halted for two hours. After trading resumed, the Sensex soared 806 points at 14,284.21, following which trading was halted for the day.
The 30 Sensex companies, which account for over 47% of the total market capitalisation of all the firms, saw their combined market valuation rise by over Rs 3.16 lakh crore on Monday.