Investors become richer by Rs 7.81 trillion as stock markets rebound

With equities staging a smart comeback a day after registering a steep fall, investors' wealth jumped by Rs 7.81 lakh crore on Thursday. The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 points or 0.82 per cent to 73,364.30. The market capitalisation of BSE-listed companies went up by Rs 7,81,631.24 crore to Rs 3,79,98,233.91 crore (USD 4.59 trillion). The BSE benchmark index tanked 906.07 points, or 1.23 per cent, to settle at 72,761.89 on Wednesday. The Nifty plummeted 338 points, or 1.51 per cent, to 21,997.70. "Short-covering provided the much-needed fillip after Wednesday's crash, as key indices rose sharply after early weakness but quickly rebounded thereafter. Sharp gains in the US Dow Futures indicating a positive start also buoyed the local market sentiment. Recovery in mid and smallcap stocks shows that money is waiting on the sidelines to enter the market post healthy correction," Prashanth Tapse, Seni
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