Investors’ wealth swells by nearly Rs18 lakh cr in two months

Investors’ wealth swells by nearly Rs18 lakh cr in two months
PTI
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First Published: Sun, May 31 2009. 06 09 PM IST
Updated: Sun, May 31 2009. 06 09 PM IST
Mumbai: Investors, who have burnt their fingers in the stock market mayhem last financial year, have something to rejoice now as their wealth has swelled by over Rs17.78 lakh crore in just two months of the current fiscal.
The total investors’ wealth, measured in terms of combined market capitalisation of all the listed companies, has increased by over Rs17,78,969.74 crore in the last two months to Rs48,65,044.91 crore at the end of May.
Total valuation of all the listed companies stood at Rs30,86,075.17 crore on 31 March 2009.
“Everything is looking good both in domestic and global front. It seems that for investors happy days are here again,” SMC global vice-president Rajesh Jain said.
The Bombay Stock Exchange benchmark Sensex has gained 4,916.75 points or 51% since March and settled at 14,625.25 at the end of trade on Friday.
The 30-Sensex companies, which account for over 47% of the total market capitalisation of all the companies, saw their combined valuation rise by Rs7,15,686 crore in two months.
Combined market cap of the 30-blue chip stocks rose to Rs22,23,427.46 crore at the end of Friday’s trade, from Rs15,07,741.84 crore at the end of March.
The stock market rally has added Rs24,54,789 crore since October when the Sensex had plunged below 8,000-level. Total market cap stood at Rs24,10,256 crore on 27 October, when the index had dropped to a 52-week low of 7,697 points.
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First Published: Sun, May 31 2009. 06 09 PM IST
More Topics: Investor | Wealth | Stocks | BSE | Market rally |