Dalal Street roars back: Rs 15.8 lakh cr wealth added

New Delhi: Investor wealth surged by Rs15.80 lakh crore in just two trading sessions as stock markets rebounded sharply, driven by falling crude oil prices and hopes of de-escalation in the West Asia conflict.

The 30-share BSE Sensex climbed 2,577.06 points, or 3.54 per cent, over two days. On Wednesday alone, it rose 1,205 points (1.63 per cent) to settle at 75,273.45. The market capitalisation of BSE-listed firms jumped to Rs4,31,01,834.74 crore (USD 4.59 trillion).

Analysts attributed the rally to improving global cues and easing geopolitical tensions. “Indian equities extended their recovery for the second session, supported by hopes of de-escalation in the US-Iran conflict,” said Siddhartha Khemka of Motilal Oswal Financial Services.

Brent crude, the global oil benchmark, fell 6.16 per cent to USD 97.79 per barrel, boosting investor sentiment. Vinod Nair of Geojit Investments said easing crude prices and potential diplomatic progress lifted global risk appetite. Full report: P6