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Investor wealth soars over Rs 3 trn as equity market makes strong recovery

Business Standard India
Investor wealth soars over Rs 3 trn as equity market makes strong recovery

Investor wealth soared over Rs 3 trillion Wednesday as the stock market made a strong recovery, with the BSE benchmark index surging 461.42 points. The Sensex jumped 461.42 points or 1.35 per cent to end at 34,760.89. Led by the sharp rally in stocks, the market capitalisation of BSE-listed companies zoomed Rs 3 trillion to Rs 1 trillion The Sensex had lost nearly 175 points Tuesday.   "Market turned positive from over sold region led by financial stocks and marginal gain in the rupee," said Vinod Nair, Head of Research, Geojit Financial Services. Rupee recovery from record lows also boosted market sentiment. The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex