After investors lost over Rs 16,000 crore (Rs 160 billion) in the stock market wealth in a single day on Thursday, the Sensex on Friday staged a smart comeback, jumping 93.29 points closing a shade below the 6750 mark.
Newspaper reports that the Ambani brothers may be heading for a settlement soon and an emerging view in certain sections of the market that deficient rainfall in June and July may not impact the economy as adversely as previously thought, also led to investors making gains estimated at least over Rs 19,000 crore (Rs 190 billion) in market capitalisation on Friday.
This represented a gain of an estimated Rs 3,000 crore (Rs 30 billion) over the last two days of trading. The Sensex shot up 93.29 per cent to close at 6748.85 in comparison to yesterday's close of 6655.56.
The market capitalisation of A, B1 and B2 group stocks which comprise the bulk of the market, was up 1.06 per cent from Rs 16,80,183.85 crore (Rs 16801.83 billion) on June 2 to Rs 16,98,016.26 crore (Rs 16980.16 billion) resulting in a gain of Rs 17,832.41 crore (Rs 178.32 billion) for these groups.
B2 group stocks were the biggest gainers rising by 1.87 per cent or Rs 474.34 crore (Rs 4.74 billion) from Rs 25,306.88 crore (Rs 253.06 billion) to Rs 25,781.22 crore (Rs 257.81 billion).
A group stocks were the second biggest gainers jumping 1.21 per cent in market capitalisation from Rs 14,32,302.19 crore (Rs 14323.02 billion) to Rs 14,49,691.18 crore (Rs 14496.91 billion) or higher by Rs 17,388.99 crore (Rs 173.88 billion).


