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Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

During the holiday-shortened week, the Sensex rallied 2,390.40 points or 7.63 percent.

April 30, 2020 / 10:53 PM IST

Investors' wealth jumped Rs 7.68 lakh crore in four days of market rally, with the Sensex ralling 997 points on Thursday. Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 percent, higher at 33,717.62.

During the holiday-shortened week, the Sensex rallied 2,390.40 points or 7.63 percent.

Led by the improved sentiment, the market capitalisation of the BSE-listed companies gained Rs 7,68,168.35 crore to Rs 1,29,41,620.82 crore in four trading days.

"Markets this week rallied from the lows seen in March 2020. After almost a month of lockdown the world over, early signs of easing of the same along with some signs of the flattening of the COVID-19 curve spurred hope of economic activity resuming albeit at a slow pace. Some promise of a possible cure with positive preliminary results of a few drugs also added to hope and optimism," Shibani Sircar Kurian, executive vice-president, fund manager and head (equity research) of Kotak Mahindra Asset Management Company, said.