InvestorQ : Is it true that the 4 day rally has made investors substantially richer?
Dhwani Mehta made post

Is it true that the 4 day rally has made investors substantially richer?

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diksha shah answered.
2 weeks ago
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Between last Wednesday and the current Monday, the equity markets have rallied sharply making investors richer by nearly Rs12.75 trillion. That is almost $175 billion of wealth added, although you can say it is paper wealth. During this period, the Sensex crossed the 58,000 mark on Monday, gaining more than13% from the recent lows. On Monday, the stock markets were buoyed by favourable global cues and robust vehicle sales numbers.

To add to the positive sentiments, the FPIs have turned net buyers in July and that trend sustained on the first day of August too. That has also added to the positive sentiments in the market. Reliance, Maruti, Kotak Bank, Bharti Airtel, NTPC and UltraTech were among the major gainers, apart form autos, oil and metals which triggered the rally on Monday.

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