Investors' wealth climbs Rs 3.43 trillion as Sensex jumps 900 points
Equity investors became richer by Rs 3.43 lakh crore on Friday amid an overall positive trend in the market and the benchmark Sensex jumping nearly 900 points.
The BSE Sensex zoomed 899.62 points or 1.53 per cent to settle at 59,808.97 points. During the day, the benchmark rallied 1,057.69 points or 1.79 per cent to 59,967.04 points.
The market capitalsation of BSE-listed firms rose Rs 3,43,173.59 crore to Rs 2,63,42,218.11 crore.
"The market had more reasons to cheer today than to worry about concerns regarding inflation. PSU banks led the sectoral rally as reports of foreign investments in Adani stocks helped the sector in recouping the dampened sentiment.
"The sentiment was further lightened as FIIs turned in strong buyers," Vinod Nair, Head of Research at Geojit Financial Services, said.
Foreign Portfolio Investors (FPIs) bought shares worth Rs 12,770.81 crore on Thursday, according to exchange data.
The embattled Adani Group has sold minority stakes in four of its listed ...