Investors' wealth surges ₹17.43 lakh crore in four days of market rally

Market investors swelled by ₹17.43 lakh crore in four days of sharp rally in equities where the BSE benchmark Sensex jumped over 3%.

On Thursday, the 30-share benchmark Sensex jumped 899.01 points or 1.19% to settle at 76,348.06, regaining the 76,000 level. During the day, it soared 1,007.2 points or 1.33% to 76,456.25.

In four days, the Sensex zoomed 2,519.15 points or 3.41%.

The market capitalisation of BSE-listed firms surged ₹17,43,418.8 crore to ₹4,08,61,851.73 crore ($4.73 trillion) in four days.

"Benchmark indices got a Fed booster shot on Thursday extending gains for the fourth straight session, after the US Fed kept the forecast for two rate cuts in 2025 intact despite inflation risks from Trump’s trade war. Broader mid and smallcaps also posted gains for the day. All major sectors also logged gains in the broad-based rally with Nifty IT recovering from steep losses in recent weeks," Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said.

The US Fed is undoubtedly the driving force behind today's market rally as markets took comfort from the strong overnight gains in US indices after the Fed kept the projection for two rate cuts in 2025 unchanged, he added.

From the Sensex pack, Bharti Airtel, Titan, Tata Consultancy Services, Hindustan Unilever, Infosys, Nestle, Reliance Industries, Mahindra & Mahindra, HDFC Bank and Tata Motors were the biggest gainers.

However, IndusInd Bank, Bajaj Finance and UltraTech Cement were the laggards.

The BSE smallcap gauge climbed 0.73% and the midcap index went up by 0.61%.

All BSE sectoral indices ended higher where telecommunication jumped 1.94%, teck (1.89%), oil & gas (1.56%), energy (1.42%), auto (1.39%) and BSE Focused IT (1.23%).

"The rally was driven by gains in the US market after the Federal Reserve maintained its forecast of two rate cuts this year despite the ongoing tariff concerns," Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.

As many as 2,410 stocks advanced while 1,606 declined and 129 remained unchanged on the BSE.