Mumbai: The total investor wealth on the Bombay Stock Exchange rose by over Rs1.22 trillion on Monday as upsurge in the global stocks powered the benchmark Sensex to close above the 16,000 level.
The investor wealth, measured in terms of combined market capitalization of all listed companies, rose by Rs1,22,317.93 crore to over Rs54 lakh crore (Rs54,37,348.48 crore).
The total market cap of all BSE listed companies stood at Rs53,15,030.55 crore on Friday last week.
The market remained strong during the day as domestic indices moved up in tune with the global stocks, which surged after the G-20 finance ministers in London last week decided to continue stimulus packages to counter the global economic downturn.
The BSE barometer gained 327.20 points to close at a 15-month high of 16,016.32.
The combined market capitalization of 30-Sensex companies rose by Rs47,716.89 crore to Rs24,24,923.94 crore. The market cap of the country’s most valued firm, Reliance Industries, stood at Rs3,14,868.31 crore.
RIL was followed by ONGC (Rs2,54,066 crore), NTPC (Rs1,70,805 crore) and Bharti Airtel (Rs1,60,075 crore).