Investors richer by over Rs 6.56 trillion in two days of market rally

Investors' wealth jumped by Rs 6,56,828.59 crore as stock markets continued the rally for a second day on Wednesday.

The 30-share BSE benchmark index zoomed 611.55 points or 1.09% to 56,930.56. During the day, the benchmark jumped 670 points to 56,989.01.

The market capitalisation of BSE-listed companies also gained Rs 6,56,828.59 crore to Rs 2,59,14,409.64 crore in two days.

"Domestic market is gaining ground amid a positive rebound in the global market. The rebound was broad-based while mid and small caps outperformed as the bargain opportunity led investors to accumulate the beaten-down stocks," said Vinod Nair, Head of Research at Geojit Financial Services.

Bajaj Finance was the biggest gainer among the 30-frontline companies pack, jumping 2.94%, followed by Bharti Airtel, Sun Pharma, Reliance Industries and SBI.

In contrast, Wipro, ITC and Nestle India were the laggards.

"Bulls were in a strong position throughout the session as Indian markets moved in tandem with the recovery in other global equity indices," Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd said.