It's bumper returns time for punters on Dalal Street, with the 1,000-point rise in the market that touched 13,000 level making them richer by over Rs 3,00,000 crore in just six-and-half months.
MUMBAI: It's bumper returns time for punters on Dalal Street, with the 1,000-point rise in the market that touched the 13,000 level making them richer by over Rs 3,00,000 crore in just six-and-half months.
Total investor wealth today soared to over Rs 34,000,000 crore, as the market finally scaled the elusive 13K peak for the first time in its history. Investors wealth stood at Rs 31,00,000 crore on April 20 when the Sensex first hit the 12,000 level.
A large part of this bounty, Rs 1,50,000 crore, has been cornered by investors in the country's 30 biggest blue-chip companies present on the Sensex.
Investors' wealth in the 30 Sensex companies, measured in terms of the cumulative market value of these firms, has soared to over Rs 16,50,000 crore, from about 15,00,000 crore on April 20.
While the journey to the 13k level has been a longer one as against the previous 1,000-point rallies and was marked with a sharp plunge of over 30 per cent during May-June period, investors are not complaining as they have not only recouped losses but have added significant wealth to their kitty, analysts said.
In the 135 days that the Sensex took to complete the 1,000 point journey, as many as 123 days were spent covering the 500-point journey between 12,500 and 13,000 level.
Earlier, the Sensex had taken just 19 days in its 1000-point jump to 12,000 level, while 29 days were taken between 10,000 and 11,000 levels.
The journey to the 13,000 level has been marked with sharp gains in new economy stocks like IT and telecom, while the performance of brick and mortar stocks has been relatively lacklustre except for a few ones like Reliance Industries.
Among the Sensex companies, Anil Dhirubhai Ambani Group telecom venture Reliance Communications leads the list of gainers with a surge of over 40,000 crore in its market value, followed by gain of over Rs 30,000 crore in Reliance Industries.
IT major Infosys and telecom major Bharti Airtel have also added more than Rs 20,000 crore each in their investors' wealth, while investors in banking and financial sector stocks like ICICI Bank, SBI, HDFC and HDFC Bank have also gained between Rs 4,000 crore to Rs 16,000 crore.
However, PSU energy giant ONGC has lost more than Rs 20,000 crore in its market value since April 20, while other old economy stocks like NTPC, ITC, Tata Steel, Tata Motors, Bajaj Auto, Hindalco Industries, Hero Honda and Ranbaxy have also lost ground during this period.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}