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Led by the rally in stocks, investors' wealth zooms to Rs 8.83 trn in FY19

Investors' wealth had surged Rs 20.70 trillion during the 2017-18 financial year

Press Trust of India  |  New Delhi 

Investor wealth
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Investors' wealth zoomed Rs 8.83 trillion during 2018-19 financial year driven by a rally in the broader market where the jumped over 17 per cent.

The 30-share advanced 5,704.23 points or 17.30 per cent during 2018-19. It rose 127.19 points to finish at 38,672.91 on Friday, the last trading day of the financial year.

During this time, the index touched an all-time high of 38,989.65 on August 29, 2018.

Led by the rally in stocks, the (m-cap) of BSE-listed companies rose by Rs 8,83,714.01 crore to Rs 1,51,08,711.01 crore.

Investors' wealth had surged Rs 20.70 trillion during the 2017-18 financial year.

"Since the dawn of 2019, has managed to overcome multiple hurdles (Indo-Pak tension, concerns of a slowdown in and rising crude oil prices).

"In fact, till February 2019, Indian indices were at the bottom of the pack when it came to rally across global markets," said Pritesh Mehta, Senior Vice President - Research, YES Securities (India) Limited.

March saw breaking out from a three-month consolidation period between 10,600-11,100, Mehta added.

"Investors are looking ahead to get cues from general election during which earnings growth in Q4 will be inevitable to support the rally," said Vinod Nair, Head of Research, Geojit Financial Services.

First Published: Fri, March 29 2019. 17:50 IST