Investors richer by Rs 12 lakh cr amid mkt surge

May 17, 2022 17:34

Equity investors became richer by over Rs 12 lakh crore on Tuesday, helped by a smart rally in the broader market. The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing in the green.

Tracking the sharp rally in equities, the market capitalisation of BSE-listed firms jumped Rs 12,05,523.65 crore to Rs 2,55,55,447.68 crore. "Markets witnessed a sharp rebound and gained over 2.5 per cent, thanks to favourable cues.

The benchmark opened higher led by supportive Asian markets as China eased lockdown restrictions. As the day progressed, healthy buying across sectors and short-covering supported the market to maintain its momentum.

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