Investors richer by Rs 33L cr over six days of market rally

Equity investors became richer by Rs 33.55 lakh crore in six days of market rally where the benchmark Sensex jumped nearly 8 per cent during this period.

The 30-share BSE benchmark index climbed 187.09 points, or 0.24 per cent, to settle at 79,595.59 on Tuesday.

Since April 9, the BSE benchmark Sensex has jumped 5,748.44 points, or 7.78 per cent.

During this period, the market capitalisation of BSE-listed firms surged by Rs 33,55,384.01 crore to Rs 4,27,37,717.23 crore (USD 5.02 trillion).

“Nifty extended its winning streak for the sixth straight session, closing at 24,167.25, while Sensex gained 187 points to 79,595.59. Despite the gains, markets showed signs of a breather amid overbought conditions. The positive sentiment was underpinned by continued FII buying and optimism over India benefiting from the US-China trade tensions,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.