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The much-awaited upturn in the stock market on Thursday added more than Rs 1.17 lakh crore to investor wealth, which had plunged by over Rs 4.35 lakh crore in the past four days amid heavy sell-offs.
After falling by over 1,460 points in the last four trading sessions, the BSE 30-stock index, Sensex, on Thursday shot up by over 400 points.
Measured in terms of total market capitalisation of all listed companies, investor wealth in Indian stocks rose to Rs 59,77,215.26 crore -- registering a gain of Rs 1,17,215 crore from Thursday's level.
The Sensex also regained the 18,000-point mark, closing at 18,312.94 points.
In the earlier four trading sessions, investors had lost over Rs 4.35 lakh crore, which, in the US dollar terms, has been much larger at $100 billion due to additional burden of a 5 per cent plunge in the rupee value.
Barring two Sensex stocks, HDFC and HDFC Bank, the rest of 28 scrips ended the day with gains and the gains were as high as about 11 per cent in Hindalco Industries.
Among the BSE 13 sectoral indices, 12 settled in the green, with metal index topping the list with a gain of 8.23 per cent. Only realty index suffered losses.
"Global cues provided needed respite to our domestic bourses amid further weakness in rupee," said Jayant Manglik, President Retail Distribution, Religare Securities.