Investors got richer by more than Rs 3 crore in the first hour of trading on Monday as shares rebounded in the proposed merger of HDFC Ltd with HDFC Bank.
Reflecting bullish investor sentiment, the main 30-share Sensex Index rose 1,472.33 points, or 2.46 percent, to 6,0736.08 points around 10.30 a.m., led by the HDFC twin.
The market capitalization of companies listed on the Bahrain Bourse, which is also an indicator of the theoretical wealth of investors, rose to Rs 2,71,36,569.94 crore.
This represents a gain of over Rs 3.11 crore compared to the market valuation at the close of trading on the Bahrain Bourse on Friday.
According to BSE data, as many as 137 stocks touched a 52-week high while 416 stocks reached their upper circle.
In morning trade, a total of 25 Sensex components were in the green, with shares of HDFC Ltd and HDFC Bank up nearly 14 percent.
(The title and image for this report may have been reformulated only by the Business Standard staff; the rest of the content is automatically generated from a shared feed.)
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