The mayhem on Dalal Street had eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE in early trade.
However, as stocks pared the losses, investor wealth grew by Rs 3,55,590.19 crore, taking the total market capitalisation of BSE-listed companies to Rs 1,29,26,242.82 crore at the end of the session.
The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore on Thursday.
On the BSE, as many as 1,193 scrips declined, while 1,191 advanced and 164 remained unchanged.
Volatility heightened in global markets as benchmarks world over went into panic mode on fears of the coronavirus pandemic triggering a recession.
Domestic investors, however, began bargain hunting at beaten-down valuations, leading benchmarks in the positive territory.
Concerns over the economic impact of Covid-19 is expected to keep markets highly volatile in the near term, analysts said.
More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.
The number of coronavirus patients in India has risen to 75, as per the health ministry.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.