After giving investors jitters since the onset of the Ukraine-Russia war nearly two weeks ago, India¡¯s stock market has finally rebounded in the past three days or so. The domestic benchmark indices ended with fresh gains yesterday, hence extending their winning run to the third consecutive session, as per a report in ET.?
Also Read:?F(N)AQ: Why Investors Suffer Losses During Market Crash?
Nifty50 has already breached the 16,500 mark after falling to nearly 15,800 in the past week, whereas Sensex rose above 55,600 after slipping to nearly 52,800 in the past week.
Investor cheer brought by-election results, strong global cues and easing crude oil prices are being believed to be the reasons behind the stock market recovery.
Yesterday, Sensex advanced in line with peers across Asia, rising 817.06 points or 1.50% to a one-week high of 55,464.39 amidst the positive mood in the market.
Despite correcting over 150 points from day¡¯s high, Sensex¡¯s broader peer NSE Nifty gained 249.55 points or 1.53% to 16,594.90, as per ET.
Investors' wealth, which is reflected in the total market-cap of BSE-listed firms, has reportedly jumped by over ? 10 lakh crore in the last three trading sessions, in tandem with a sharp recovery in equities as well.
Except Nifty IT, all the sectoral indices ended on a positive note yesterday, with Nifty auto, metal, FMCG, power, capital goods, PSU bank and realty adding 2-3%, according to ET report. Nifty realty index extended its 3-day rally to over 8%.
Nifty Bank rallied nearly 5% in the last three sessions and bounced back despite falling and then recovering sharply in intra-day trade yesterday.
Also, Nifty Midcap and Smallcap ended the session yesterday with a gain of 1% each, and Nifty 500, the broadest index on NSE, also ended with a 2% gain.?
Also Read:?World's Biggest Stock Market Crashes Of The 20th Century
For more of such?latest financial news and simplified personal finance content,?keep reading Worth.?Click here.