Sensex and Nifty surge nearly 3%, boosting investors' wealth by ₹11 lakh crore in 6 days

In a challenging global market scenario, both the Sensex and Nifty, key domestic stock market indices, managed to sustain their upward momentum for six consecutive trading sessions, closing higher on Friday. Over this six-day period, both indices surged by nearly 3% each, resulting in a substantial wealth increase of over ₹11 lakh crore for investors.

Despite global market weaknesses, the Sensex remained positive throughout Friday's trading session. This resilience was evident as US stock futures, the dollar, and Treasury yields experienced declines due to expectations that the Federal Reserve would maintain unchanged interest rates during its September meeting. Meanwhile, leading European markets, including the UK's FTSE, France's CAC, and Germany's DAX, ended with substantial losses when the Sensex concluded its trading session.

Market experts highlight that the domestic market's ascent is primarily driven by increased retail investor participation in a favorable macroeconomic environment.

Over the last six trading sessions, the Sensex recorded a rise of 2.73%, while the Nifty registered a gain of 2.94%.

Sensex closed 333 points higher at 66,598 while the Nifty closed the day at 19,819 up 93 points on Friday.