Press Esc to close
Saturday 20 December 2014
News updated at 7:53 PM IST
Weather
Max: 24°C
Min : 18.2°C
In Bengaluru
Generally cloudy

Investors richer by over Rs 1 lakh cr as shares surge

Mumbai, Nov 27, 2012 (PTI):
Reuters Image

Investor wealth today swollen by over Rs 1 lakh crore on all-round buying in stock market after credit rating agency Moody's said India's outlook is stable and agreement over debt relief package to Greece that boosted markets globally.

The BSE barometer Sensex closed with gains of 305.07 points or 1.65 per cent at 18,842.08 points.

Total investor wealth moved up by Rs 1,06,767 crore to Rs 65,94,019.45 crore.

Buying was so strong that all 13 sectoral indices closed with gains of up to 3.2 per cent. Of the 30 Sensex stocks, 28 scrips registered gains and only NTPC and ONGC closed with minor losses.

"Positive international cues and reaffirmation of stable outlook on India by Moody's sentimentally aided the rise in the markets," Inventure Growth & Securities, Head Research, Milan Bavishi said.

Moody's said today that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates.

The eurozone and IMF threw a new lifeline to Greece releasing funds to avert bankruptcy and admitting that help to reduce debt will be needed for years.


Go to Top

Photo Gallery
Christmas tree ornaments are displayed for customers at the Christmas ...

Christmas tree ornaments are displayed for customers at the Christmas ...

A cyclist takes a ride along the bike path off Truxtun Extension...

A cyclist takes a ride along the bike path off Truxtun Extension...

A participant during the Kambala, a traditional buffalo race...

A participant during the Kambala, a traditional buffalo race...

A large gathering at Virat Hindu Sammelan, organised by VHP...

A large gathering at Virat Hindu Sammelan, organised by VHP...

India's Ishant Sharma, center, celebrates with his teammates after he got the wicket...

India's Ishant Sharma, center, celebrates with his teammates after he got the wicket...

India's Umesh Yadav plays a shot during their play on day four of the second cricket test...

India's Umesh Yadav plays a shot during their play on day four of the second cricket test...

Australia's David Warner dives over the boundary rope trying to take a catch during their ...

Australia's David Warner dives over the boundary rope trying to take a catch during their ...

Indian American Richard Verma sworn-in as US Ambassador to India

Indian American Richard Verma sworn-in as US Ambassador to India

People takes protection against cold with woollens...

People takes protection against cold with woollens...

helicopter following a crash during the men's World Cup Downhill skiing...

helicopter following a crash during the men's World Cup Downhill skiing...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523