INSUBCONTINENT EXCLUSIVE:
Investors' wealth jumps to over ? 7.2 Lakh Crores, tracking stocks rallyInvestors' wealth jumped by over ? 7.2 lakh crore on Wednesday, in
line with a surge in equity benchmarks for the second straight session, after four days of steep declines previously.The 30-share BSE Sensex
zoomed 1,223 points or 2.29 per cent to settle at 54,647, while the broader NSE Nifty moved 332 points or 2.07 per cent higher to close at
BSE-listed companies to jump by Rs 7,21,949.74 crore to Rs 2,48,32,780.78 crore in just two days
That includes a jump in investors' wealth to over ? 2.51 lakh crores on Tuesday.Markets had faced four sessions of heavy declines from
February 28 to March 7."Markets extended Tuesday's rebound and gained over 2 per cent, tracking recovery in global indices
After a flat start, the benchmark inched gradually higher as the day progressed and settled closer to the day's high
Heavyweights like Reliance, HDFC Bank and Infy contributed half of the index gains," Ajit Mishra, Vice President for Research at Religare
Broking Ltd, told PTI.The recent rebound is in line with the global counterparts and it would be too early to call it a reversal, Mr Mishra
