Stock Market Surges: Investors Gain ₹7.43 Lakh Crore in Just 130 Minutes

Market Fluctuations Lead to Significant Gains

After a day filled with ups and downs, the stock market experienced a remarkable surge, with the Sensex and Nifty showing impressive gains within just 130 minutes. The Sensex rebounded from its lowest point of the day, climbing over 1,000 points to reach its peak, resulting in a staggering profit of ₹7.43 lakh crore for investors during this brief period.

Impact of International Oil Prices

The recent drop in crude oil prices in the international market has significantly influenced the performance of the Sensex and Nifty. Oil from Gulf countries is trading approximately 7% lower, while the Indian rupee has also strengthened against the dollar.

Trump's Project Freedom Affects Market Sentiment

In related news, former President Trump has paused Project Freedom, which aimed to release ships stranded in Hormuz. He stated that progress has been made in negotiations with Iran, contributing to a bullish sentiment in the Indian stock market. Banking stocks have surged, with major players like HDFC and SBI witnessing nearly a 3% increase.

Sensex and Nifty Rocket to New Heights

Around 1 PM, the Sensex and Nifty began to rise sharply, peaking around 3 PM. The Bombay Stock Exchange's primary index, the Sensex, surpassed the 78,000 mark during trading, gaining 1,004.99 points to reach 78,022.78. Earlier in the session, the index had dipped by 244.54 points to 76,773.25.

Similarly, the National Stock Exchange's Nifty index rose by approximately 325 points, reaching 24,356.50. Prior to this surge, Nifty had experienced a significant drop, falling to 23,997.90, but later rebounded by 358.6 points. Experts predict further gains for both indices in the coming days.

Investors Reap Substantial Profits

The fortunes of investors in the stock market are closely tied to the BSE's market capitalization. On Wednesday, when the Sensex was at its lowest, the BSE's market cap stood at ₹46,566,167.33 crore. Following the surge within 130 minutes, the market cap rose to ₹47,309,021.28 crore, indicating an increase of ₹742,853.95 crore. If this trend continues, the BSE's market cap could once again reach the $5 trillion mark, currently sitting at $4.97 trillion.