Markets close at 6-month high, Rs 2.27 lakh crore added to investors' wealth

New Delhi: Markets posted massive rally on Monday by ending at a 6-month high adding over Rs 2.27 lakh crore to investors' wealth.

The announcement of General Election dates by the Election Commission also added to positive sentiments for the investors. Lok Sabha elections will begin on April 11 and continue for over a month till May 19 across seven phases, followed by counting of votes on May 23, the Election Commission announced Sunday.

Led by the sharp rally in equities, the market capitalisation of BSE-listed companies jumped Rs 2,27,078.36 crore to Rs 1,46,94,166.27 at today's closing. The total market capitalisation of BSE listed companies stood at Rs 1,44,67,087.91 on March 8.

Both the BSE Sensex and the NSE Nifty ended the day with over 1 percent gain.

The 30-stock index rallied 382.67 points or 1.04 percent to close at 37,054.10 while the NSE Nifty jumped 132.65 points or 1.20 percent to 11,168.05.

The BSE sensex posted its highest closing level since September 19 last year when it had closed at 37,121.22 while the Nifty climed to its highest today since September 26 last year close.

Intra-day Sensex saw a high of 37,106.19 and a low of 36,726.39 while Nifty swung between 11,180.90 and 11,059.85 in the day.

Bharti Airtel (8.08 %), Powergrid (3.90 %), Coal India (3.80 %), Reliance (2.72 %), Vedanta (2.52 %), Tata Steel (2.51 %), Asian Paint (2.34 %), Heromotocorp (2.24 %), SBI (1.97 %), ONGC (1.93 %), Maruti (1.69 %) and Yesbank (1.68 %).

Bucking the trend, Insosys, Indus Ind Bank, NTPC, HCL and TCS ended in red, falling by upto 0.41 percent.

On a net basis, foreign institutional investors (FIIs) bought shares worth Rs 1,095.06 crore, while domestic institutional investors (DIIs) sold shares worth Rs 470.7 crore on Friday, provisional data showed.