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As markets rally, investors' wealth increases by almost 5.77 lakh crore in a single day.

FPI outflows in the equities market have reached a total of 40,040 crores so far in June, surpassing the previous month's selloff of 39,993 crores. FPIs have withdrawn more than 2.07 lakh crore from the stock market this year.





On Tuesday, Indian markets extended their rebound for the second day in a row, with the Sensex and Nifty 50 gaining at least 2% thanks to broad-based purchasing across sectors. Heavyweight stocks aided the rise in domestic equities. In addition, the performance was boosted by the stability of global markets. On Dalal Street, investors gained more than 5.77 lakh crore as a result of the bullish trend.


The BSE Sensex closed at 52,532.07, up 934.23 points, or 1.81 percent, from its previous close. The index has reached an intraday high of 52,799.40 points.


Titan, SBI, TCS, Dr. Reddy's Lab, HCL Tech, Tata Steel, Wipro, Infosys, ITC, and L&T all contributed to their gains by gaining 2-6 percent. Reliance Industries, the most valuable stock, increased by 1.6 percent, adding to the value gains.


Buying was also seen in midcaps and small caps, in addition to large caps. The BSE Midcap and SmallCap indexes both increased by 508.29 and 699.49 points, respectively.


On D-Street, all sectoral indices rose by 1-6 percent, indicating an optimistic tone. Consumer durables, information technology, oil and gas, metal, banking, and capital goods companies, on the other hand, outperformed.


On the BSE, this resulted in an increase in investor worth of more than 5.77 lakh crore in a single day.


On Tuesday, the BSE equity market capitalization was over 240.64 lakh crore at the closing price, compared to roughly 234.87 lakh crore the day before.


Geojit Financial Services' Head of Research, Vinod Nair. "The severely discounted equities market was able to show signs of recovery due to the lack of new selling triggers in the domestic and global economy, as well as dropping commodities prices. The rebound suggests that the present inflation and monetary policy tightening risks have been factored in. However, given the current equities market's sensitivity, even the tiniest inconvenience can cause volatility."


The Nifty 50 ended the day at 15,638.80, up 288.65 points or 1.88 percent. Before falling, the benchmark reached an intraday high of 15,707.25. The Bank Nifty finished at 33,191.75, up 1.55 percent.


LKP Securities' Senior Technical Analyst, Rupak De, stated, "After a brief consolidation on the daily chart, the Nifty went higher. It has gotten close to its prior swing low on the higher end. The daily RSI is diverging in a favorable direction. In the short term, the index may rise above 16000 points. As long as it is over 15500, the recovery may continue."


Meanwhile, the rupee fell 12 paise to 78.10 per dollar in the interbank forex market, owing to persistent foreign fund outflows and a further rise in crude oil prices, which negated support from a rally in local equities.


FPI outflows in the equities market have reached a total of 40,040 crores so far in June, surpassing the previous month's selloff of 39,993 crores. FPIs have withdrawn more than 2.07 lakh crore from the stock market this year.


The Finance Ministry released its latest monthly economic report for May 2022 on Monday, stating that agencies around the world have already forecasted a slowing of global economic growth, which will be hampered by rising commodity prices, supply chain bottlenecks, and a faster-than-expected withdrawal of monetary accommodation. India's GDP is likely to slow as well, though it will still grow faster than other emerging market economies.


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