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| Investors wealth swells by nearly Rs 18 lakh cr in 2 months |
| Press Trust of India / Mumbai May 31, 2009, 17:13 IST |
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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 Rs 17.78 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 Rs 17,78,969.74 crore in the last two months to Rs 48,65,044.91 crore at the end of May.
Total valuation of all the listed companies stood at Rs 30,86,075.17 crore on March 31, 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 per cent since March and settled at 14,625.25 at the end of trade on Friday.
The 30-Sensex companies, which account for over 47 per cent of the total market capitalisation of all the companies, saw their combined valuation rise by Rs 7,15,686 crore in two months.
Combined market cap of the 30-blue chip stocks rose to Rs 22,23,427.46 crore at the end of Friday's trade, from Rs 15,07,741.84 crore at the end of March.
The stock market rally has added Rs 24,54,789 crore since October when the Sensex had plunged below 8,000-level. Total market cap stood at Rs 24,10,256 crore on October 27, when the index had dropped to a 52-week low of 7,697 points.
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