In early trading on August 7, the Sensex surged 1,046 points to 79,639, and the Nifty rose 314 points to 23,992, marking a significant rebound after a three-day decline. This rally boosted the market cap of BSE-listed companies to ₹445.85 lakh crore. Despite this recovery, investor wealth is still down by ₹15.77 lakh crore from before the correction started on August 2. The India VIX, which measures market volatility, fell 27% to 13.72, reflecting reduced market fear. This decline follows a recent surge in VIX due to global market turmoil and weak US job data.