Investors' wealth makes a way towards growth; jumps by Rs. 7.72 lakhs

BNE Admin

Spread the love

New Delhi: Investors' wealth on Friday jumped over Rs 7. 72 lakh crore as the broader market clawed back some of its lost ground, a day after Russia's attack on Ukraine Ir roiled investor sentiments.

On Friday, benchmark indices Sensex and Nifty rebounded la up to 2.5 percent, in line with higher global markets, as the US and allies put up a united front to punish Russia with harsher sanctions over the Ukraine conflict.

Helped by the robust gains in equities, the market capitalisation of BSE-listed companies soared by Rs 7,72,873,6 crore to reach Rs 2,49,97,053.39 crore. The market capitalisation, an indicator of the national wealth of investors, stood at Rs. 2,42,24,179.79 crore on Thursday. All 19 sectoral indices bounced back on Friday, with reality, power, utilities, basic materials, and industrials spurting as much as 5.68 percent. Smallcap, Midcap and Largecap indices too surged up to 4.17 percent.

"Global markets, including Indian equities, witnessed a smart pullback after yesterday's crash as the new sanction imposed by US and UK appeared to be less severe for the Russian economy," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.-PTI

BNE Admin