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Equity investors became richer by Rs 12.26 lakh crore as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent. Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days. "Benchmark indices Nifty and Sensex closed on a firm footing in the green on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key
Investors' wealth surged Rs 3.29 lakh crore on Wednesday, driven by a robust rally in the equity markets. The 30-share BSE Sensex jumped 742.06 points or 1.14 per cent to settle at 65,675.93. During the day, it zoomed 813.78 points or 1.25 per cent to 65,747.65. The market capitalisation of BSE-listed firms rallied Rs 3,29,520.27 crore to reach Rs 3,25,40,108.97 crore. "The market's strong gap-up jump in response to positive global cues on account of the softer than anticipated US and UK inflation data highlights the optimism for an end to the interest rate cycle, as evidenced by the ease in bond yields. "This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up. The drop in the CPI for India also improved the mood," said Vinod Nair, Head of Research at Geojit Financial Services. Among the Sensex firms, Tech Mahindra, Tata Motors, Infosys, Wipro, Tata Steel, Tata Consultancy Service