Sensex up 10% since March 4

Stock market nearly flat on Wednesday; Sensex and Nifty up 10% since March low

On Wednesday, the stock market remained nearly flat. The Sensex closed 46 points lower at 80,242, while the Nifty dipped by 2 points to end at 24,334. However, since hitting their recent lows on March 4, both indices have surged nearly 10%. The Sensex has risen by 7,252 points from its low of 72,990.

Top 25 Indian billionaires gain ₹1.6 lakh crore, but most still below record highs

Despite the market rally, the combined wealth of India’s top 25 billionaires has increased by ₹1.6 lakh crore. Yet, their net worths remain up to 60% below previous record highs.

According to Bloomberg data, Mukesh Ambani, chairman of Reliance Industries, saw the biggest jump in wealth—adding ₹1.6 lakh crore—bringing his total to around ₹8.5 lakh crore (over $100 billion). This places him as the 16th richest person in the world, although still below his peak wealth levels.

Only Uday Kotak and Lakshmi Mittal hit new personal highs

Among the top 25 richest Indians, only Uday Kotak and Lakshmi Mittal have seen their net worths reach new record highs. Kotak’s net worth is now ₹1.4 lakh crore, up 7% from his previous peak, while Mittal’s stands at ₹1.9 lakh crore, up 4.5%.

Sensex just 6.5% below all-time high, but Adani’s wealth down 60%

The Sensex had reached an all-time high of 85,836 on September 26 last year. It is now just 6.5% below that level. Mukesh Ambani’s wealth is still 19.5% below his personal record, while Gautam Adani’s wealth, despite rising by ₹1 lakh crore recently, remains 60% below its all-time high.