Investors, who took a big hit in the last four months, were smiling again as their wealth — or market capitalisation — rose by a whopping Rs 255,000 crore to Rs 47.82 lakh crore in a single day.

Adding to the bullishness, easing crude oil prices and firmness in global markets were other positive factors that moved the domestic indices higher. Giving relief to investors across the world, crude oil fell to near six-week lows of $ 126.34 per barrel on Wednesday — nearly 14 per cent lower than record $147.27 hit earlier this month. Banking, realty and capital goods sector shares led the rally. ADAG (Anil Dhirubhai Ambani Group) companies like Reliance Natural Resources that surged on huge volumes were the cynosure of all eyes.

“We think markets will see the outcome as positive in the short term. Although markets were expecting the government to survive, the vote and the margin of victory removes the element of political uncertainty that has been dogging sentiment for some time,” said Tushar Poddar, Vice President Asia Economic Research, Goldman Sachs.

2,366 Rise in the Sensex in the last five days

Rs 2,55,000 cr Jump in market capitalisation on Wednesday

10 per cent Increase in BSE Bankex index on Wednesday