For the third straight session, there has been surge in equitybenchmarks resulting in a massive jump of over Rs. 5.4 lakh crore wealth for theinvestors. This comes in the midst of poll counting taking place in the states ofUttar Pradesh, Punjab, Uttarakhand, Manipur, Goa.
On Wednesday rally’s, the domestic bourses pushed the marketcapitalisation of BSE-listed companies to jump by Rs. 7,21,949.74 crore to Rs.2,48,32,780.78 crore in just 2 days including raise in the wealth of investors by Rs. 2.51 lakh crores on Tuesday alone.
Sensex Index took a jump of over 1,300 points early on Tuesday,while as Nifty rose to above 16,700 points. Markets had been facing sessions ofsharp decline from February 28 to March 7, amid the ongoing Russia-Ukraine war,resulting in declining the business in global markets including India.
Meanwhile Government has appointed Ashwani Bhatia as the WholeTime Member (WTM) of the Securities & Exchange Board of India (SEBI). Ashwiniis the managing director of the State Bank of India.