Investor wealth surged by nearly Rs 85,000 crore today on all-round buying in Indian stocks after the European Central Bank announced a potentially unlimited bond-buying plan to revive Eurozone's ailing economies.
In sync with positive global market sentiments, the BSE benchmark index Sensex today settled at 17,683.73, up 1.95% or 337.46 points -- its best single day gain in over two months.
In the overall market, nearly 1,800 stocks rose. Following the surge in the market, total investor wealth moved up by Rs 84,805.98 crore to Rs 61.69 crore.
All the 13 BSE sectoral indices ended in green in range of 1-3% with investors recording best gains in capital goods, metal, banks and real estate stocks.
Among the 30-share Sensex stocks, all ended higher with gains led by Tata Steel that rose 5.72%, followed by ICICI Bank up 4.68% and Tata Motors at 4.4%.
The 50-share National Stock Exchange index Nifty spurted by 103.70 points, or 1.98% to 5,342.10.
Analysts said sentiments were revived today after the explicit bond-buying programme announced by the ECB yesterday.
"Global indices witnessed strong rally after the much-awaited European Central Bank (ECB) unveiled steps to buy the bonds of eurozone countries to curb the region's debt crisis. Market sentiment was also supported by China's advancement on infrastructure projects to spur economic growth," Bonanza Portfolio Vice President Rakesh Goyal said.