The Indian share market has staged a robust recovery just a day after experiencing its most significant crash in four years. Triggered by the Lok Sabha election results, the crash on Tuesday resulted in a massive loss of ₹31 lakh crore in investor wealth. However, today’s session saw a dramatic turnaround as value-buying at lower levels led to a substantial surge.
By noon, the Sensex, which is the Bombay Stock Exchange index representing the top 30 stocks in the country, had risen by 1,200 points. Similarly, the Nifty, the 50-share index of the National Stock Exchange, showed a gain of 400 points.
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This recovery comes as a relief to investors, who were concerned about the market’s immediate future following the election-induced selloff. Market analysts attribute the bounce-back to strategic value-buying by investors who saw the lower levels as an opportunity to purchase quality stocks at reduced prices.
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