Mumbai: Indian equity markets witnessed a sharp rally on Wednesday as strong buying across sectors lifted benchmark indices Sensex and Nifty in early trade. The surge added nearly ₹6 lakh crore to investors’ wealth within minutes of the market opening.
The BSE Sensex jumped 1,328 points to reach 82,435, while the NSE Nifty climbed 360 points to trade at 25,404 during early trading.
The broad-based rally pushed the combined market capitalisation of companies listed on the BSE from around ₹506 lakh crore to more than ₹512 lakh crore, marking a significant increase in investor wealth.
All Sensex stocks trade in the green
Buying interest was visible across the market, with all constituent stocks of the Sensex trading in positive territory during the initial session.
InterGlobe Aviation, the parent company of IndiGo, emerged as the top gainer among Sensex stocks, rising 4.66 per cent. Mahindra & Mahindra also recorded strong gains of 3.47 per cent.
Banking, information technology and automobile stocks participated in the rally, reflecting broad-based buying interest across major sectors.
Market capitalisation crosses ₹512 lakh crore
The sharp rise in benchmark indices translated into substantial gains for investors. The total market capitalisation of BSE-listed companies increased by approximately ₹6 lakh crore within a few minutes of trading.
Positive cues from global markets and active participation by institutional investors were cited as factors supporting the upward movement.
The strong opening triggered optimism among retail and institutional investors, although market movements during subsequent trading sessions will determine whether the gains can be sustained.
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