Investor wealth surges by Rs 3.2 trn as indices snap 3-day losing streak

Hopes of softer Fed hikes and China's reopening has D-Street upbeat

The benchmark indices, on Monday, snapped their three-day losing streak amidst gains in index majors and optimism on the back of China's reopening and hopes of lower rate hikes by the US Federal Reserve (Fed). The 30-share Sensex rose 847 points or 1.4 per cent and ended the session at 60,747. The Nifty50, on the other hand, ended the session at 18,101, a gain of 242 points or 1.4 per cent. 

Investor sentiment got a boost amidst news reports that the end of China's zero Covid-19 policy is paving way for demand recovery as millions of Chinese are travelling during