Market Rally Propels Investors to Gain Rs 4.46 Lakh Crore

On Friday, market investors experienced a substantial gain of Rs 4.46 lakh crore as stocks rebounded sharply, fueled by a rally in global markets. The BSE Sensex surged 819.69 points to close at 79,705.91. Strong global cues and domestic institutional investments were key drivers behind this impressive market comeback.

On Friday, market investors experienced a significant boost, adding Rs 4.46 lakh crore to their wealth as stocks staged a smart comeback following the previous day's decline, driven by a rally in global peers.

The 30-share BSE Sensex surged 819.69 points, or 1.04 per cent, to close at 79,705.91. At its peak, the benchmark index soared 1,098.02 points, or 1.39 per cent, to reach 79,984.24 during intra-day trading.

Strong global market cues provided a substantial impetus to local shares, as Sensex surged more than 1,000 points in intra-day trade due to all-round buying support. Despite this year’s volatility in foreign fund flows, robust capital infusion by domestic institutions over the past year has given local markets a major boost during volatile phases, according to Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.