The Indian stock market staged a strong rebound on Friday, March 20, with across-the-board buying, a day after witnessing a massive selloff that drowned key indices- the Sensex, Nifty 50, and Bank Nifty- more than 3% each. The Sensex jumped more than 1,000 points, or over 1%. The Nifty 50 reclaimed the 23,300 mark, jumping more than 1%, and Nifty Bank also rose by more than 1% during the session. The mid- and small-cap segments jumped by up to 2% during the session, reflecting broad-based buying rather than just in large-cap stocks. The overall market capitalisation (m-cap) of BSE-listed firms rose back to ₹432 lakh crore, making investors richer by about ₹6 lakh crore within the first hour of trade. In the previous session, the m-cap of BSE-listed firms dropped to ₹426 lakh crore.

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