Markets Soar 2% On Value Buying

Mumbai: Benchmark equity indices rebounded sharply on Friday, with BSE Sensex climbing 2.54 per cent to reclaim the 79,000 level, driven by across-the-board rally and value buying at lower levels. Strong buying by domestic institutional investors and a firm trend in the US markets also bolstered market sentiment, traders said.

The BSE benchmark Sensex jumped 1,961.32 points or 2.54 per cent to settle at 79,117.11.

Investors’ wealth surges Rs 7.32 lakh cr

Investors became richer by Rs7.32 lakh crore on Friday as markets made a smart comeback. The market capitalisation (mcap) of BSE-listed firms surged Rs7,32,144.04 crore to Rs4,32,71,052.05 crore (Rs432.71 lakh cr or $5.12 trn)