Investors Gain ₹16 Lakh Crore in a Single Day as Markets Soar
On May 12, Indian stock markets experienced a dramatic surge, leading to a historic increase in investor wealth. The BSE Sensex jumped by 2,975.43 points to close at 82,429.90, while the NSE Nifty climbed by 912.80 points to settle at 24,920.80.
The rally was driven by positive developments, including easing tensions between India and Pakistan, and an agreement on tariffs between the United States and China, signaling a pause in the trade war. This renewed investor confidence and triggered broad-based buying across the market.
Massive Single-Day Gain for Investors
Investor wealth surged by over ₹16 lakh crore in just one trading session. On May 9, the total market capitalization of BSE-listed companies stood at ₹4,16,40,850 crore. By the close of May 12, it had risen to ₹4,32,47,426 crore — a jump of ₹16,06,576 crore in a single day.
Top Gaining Stocks
Among the top performers in the Sensex were stocks of Adani Ports, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid Corporation, NTPC, and ITC. Their upward movement contributed significantly to the market’s rally.
Global Market Overview
Asian markets also performed well, with South Korea’s KOSPI, Shanghai Composite, and Hong Kong’s Hang Seng trading in the green. Japan’s Nikkei 225 saw a slight dip. U.S. markets had ended with mixed results on Friday.
Oil Prices
International benchmark Brent crude was up by 0.52%, trading at $64.24 per barrel, reflecting global optimism.
