New Delhi: Markets extended sharp rally on Wednesday, led by news of the appointment of Shaktikanta Das as the new Reserve Bank of India Governor as well as outcome of assembly elections in five states thereby adding over Rs 2.83 lakh to investors' wealth.
Positivity in Asian markets contributed to the gains by the domestic equity indices.
Led by the sharp rally in equities, the market capitalisation of BSE-listed companies jumped Rs 2,83,373.22 crore to Rs 1,42,21,940.10 at today's closing. The total market capitalisation of BSE listed companies stood at Rs 1,39,38,566.88 on December 11.
The BSE Sensex jumped 629.06 points or 1.79 percent to 35,779.07 while the NSE Nifty jumped 188.45 points or 1.79 percent to 10,737.60.
Sensex has touched an intra-day high of 35,826.58 and a low of 35,167.47 so far. The market breadth was positive as the number of advancing stocks was thrice the declining ones. A total of 1,910 stocks advanced while 652 declined.