Sensex and Nifty rebound sharply as investor wealth increases significantly

On November 19, the Sensex and Nifty, benchmark indices, experienced a significant rally, marking their largest surge in two months.

This broad-based buying, particularly in auto and realty stocks, contributed to an increase of Rs 5 lakh crore in investor wealth.

Market activity showed a positive trend with 2,498 shares advancing, compared to 878 shares declining, and 73 remaining unchanged. Analysts suggest that this uptick is merely a bounce back following a prolonged downtrend, with caution advised for investors. Waiting for decisive market movements before making new investments is emphasized by Ajit Mishra, Senior Vice President at Religare Broking.

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