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Investor wealth soars over Rs 3 trn as equity market makes strong recovery

The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market on Wednesday

Press Trust of India  |  New Delhi 

Statsguru: Stock markets attain new peaks; Bajaj Finance, TCS, Infosys gain

soared over Rs 3 trillion Wednesday as the made a strong recovery, with the benchmark index surging 461.42 points.

The Sensex jumped 461.42 points or 1.35 per cent to end at 34,760.89.

Led by the sharp rally in stocks, the market capitalisation of BSE-listed companies zoomed Rs 3 trillion to Rs 1 trillion

The Sensex had lost nearly 175 points Tuesday.
 

"Market turned positive from over sold region led by financial and marginal gain in the rupee," said Vinod Nair, Head of Research, Geojit Financial Services.

Rupee recovery from record lows also boosted market sentiment.

The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market Wednesday.
 

From the 30-share pack, 25 scrips advanced, while 5 ended with losses. and led the gainers pack surging up to 6.6 per cent.

At BSE, 2,058 advanced, while 611 declined and 131 remained unchanged.

In the broader market space, the midcap index gained 4.23 per cent and smallcap 3.67 per cent.

First Published: Wed, October 10 2018. 18:45 IST
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