Investor wealth swells Rs 27 lakh crore in FY15 as stocks gain

Investor wealth soared by over Rs 27 lakh crore during 2014-15 fiscal, or Rs 11,000 crore per trading session, on the back of rising stock prices helped by robust foreign fund inflows.
The phenomenal gain, measured in terms of rise in overall market capitalisation of all listed companies, is more than double the increase of Rs 10 lakh crore in the previous fiscal i.E. 2013-14.
During the fiscal 2014-15, benchmark Sensex has gone up by 5,571.22 points, or 24.88 per cent, to 27,957.49 from 22,386.27 on March 31, 2014. The gauge had touched all-time high of 30,024.74 on March 4 this year.

Led by the rally in the stock market, investor wealth soared by Rs 27.34 lakh crore in over 240 trading sessions to Rs 101.49 lakh crore as on March 31. Market capitalisation of BSE listed firms stood at Rs 74.15 lakh crore at the end of 2013-14 fiscal.
Brokers have attributed the rally to stable government after the May general elections and signs of economy returning to high growth path.
Besides, improvement in the country's economy on back of easing inflation have also played a key role in boosting the market performance, experts said.
Jayant Manglik, President-retail distribution, Religare Securities said: "After phenomenal run in FY15, participants should prepare themselves for an exciting and definitely challenging new financial year."

The foundation for economic recovery was laid in the last financial year and aided significant improvement in the macro scenario but failed to fuel credit off-take and corporate earnings so far, he said.