Wednesday marked a spectacular return for Indian equities as Dalal Street reopened after the Diwali holiday break, with a massive buying frenzy driving benchmark indices upward and adding over Rs 6 lakh crore to the aggregate valuation of BSE-listed firms within the opening hour of trade. The broader market capitalization advanced from Rs 5,06,41,936 crore at the opening bell to Rs 5,12,45,010 crore by 10 AM, locking in a gain of Rs 6,03,074 crore in just 45 minutes as the Sensex jumped more than 1,300 points and the Nifty 50 gained over 1 per cent. This powerful recovery was primarily ignited by significant relief in the international commodities market, where Brent crude oil prices dropped sharply from above $100 to briefly breach the $90 threshold before stabilizing near $92, directly easing macroeconomic pressures on India’s import-dependent economy, stabilizing the rupee, and lowering energy costs. Additional support for the rally came from a resurgence of foreign portfolio inflows and solid corporate financial results that encouraged investors to look beyond geopolitical tensions and valuation concerns, capping off a stellar post-holiday continuation of a month that had already seen the Sensex and Nifty climb nearly 9 per cent.
Dalal Street Surge: Share Market Boom Adds Rs 6 Lakh Crore to Investor Wealth in an Hour
