Business

Global Market Rally Sparks Massive Wealth Surge: Investors Reap Rs 18.42 Lakh Crore in Just Two Days

Investors Witness Unprecedented Wealth Growth

In a remarkable turn of events, investors have seen their portfolios swell by Rs 18.42 lakh crore over two days, thanks to a significant surge in equity markets. This rally was fueled by global optimism following US President Donald Trump's announcement to ease tariffs on electronics and potential duty relief on automobiles.

Investors gain Rs 18.42 lakh crore in 2-day market rally as global cues spark optimism

Market Indices Soar to New Heights

The 30-share BSE Sensex climbed an impressive 1,577.63 points, or 2.10%, closing at 76,734.89. Over two trading days, the benchmark index leaped by 2,887.74 points or 3.91%, marking a historic high in market capitalization at Rs 4,12,24,362.13 crore (USD 4.81 trillion).

Sector-Wide Gains Reflect Broad-Based Optimism

All BSE sectoral indices ended in positive territory, with Realty leading at a 5.81% surge. Notable advancements were also seen in Industrials, Capital Goods, and Auto sectors, showcasing widespread investor confidence.

Expert Insights on Market Dynamics

"The buoyancy across global equity markets has significantly supported local benchmarks," noted Prashanth Tapse of Mehta Equities Ltd. Meanwhile, Siddhartha Khemka highlighted the impact of temporary tariff reliefs on market sentiment.

Looking Ahead: Market Sentiment Remains Strong

With 3,302 stocks advancing against 785 declines, the bullish sentiment is unmistakable. IndusInd Bank and Tata Motors emerged as top gainers, underscoring the rally's strength across sectors.