Nearly 400-pt rally in BSE Sensex makes investors richer by Rs 1.57 trn

Investors became richer by Rs 1.57 trillion on Thursday as nearly 400 points rally in the BSE Sensex gauge lifted domestic sentiment.

The 30-share BSE benchmark index zoomed 396.22 points or 1.03 per cent to close at 38,989.74 amid positive cues from global markets. During the day, it jumped 564.55 points to a high of 39,158.07.

The rally in the equity market pushed the market capitalisation (m-cap) of the BSE-listed firms higher by Rs 1,57,091.31 crore to Rs 1,48,45,854.70 crore.

"Yesterday's (Wedneaday) global selling was based on the US political drama which reversed today (Thursday). While Indian markets recovered from profit-booking from the