Investors' wealth surges ₹3.54 lakh crore as markets rebound

Equity investors became richer by ₹3.54 lakh crore on Wednesday as markets staged a strong comeback after facing drubbing in the previous trading session.

The 30-share BSE Sensex rebounded 592.93 points, or 0.78%, to settle at 76,617.44. During the day, it surged 655.84 points, or 0.86% to 76,680.35.

Tracking recovery in equities, the market capitalisation of BSE-listed firms jumped ₹3,54,507.54 crore to ₹4,12,98,095.60 crore ($4.82 trillion).

From the Sensex pack, Zomato jumped nearly 5%, followed by Titan which climbed almost 4 per cent.

IndusInd Bank, Maruti, Tech Mahindra, Adani Ports, Bharti Airtel, and HDFC Bank were also among the gainers.

However, Nestle, Power Grid, UltraTech Cement, Bajaj Finserv, and Larsen & Toubro were among the laggards.

All BSE sectoral indices ended higher. Realty index surged the most by 3.62%, followed by consumer durables (2.62%), consumer discretionary (1.70%), telecommunication (1.22%), teck (1.18%), services (1.10%), and IT (0.93%).

The BSE midcap gauge jumped 1.38% and smallcap index climbed 0.99%.

As many as 2,863 stocks advanced while 1,091 declined and 131 remained unchanged on the BSE.