Investors celebrate Diwali with Rs 30 lakh cr gain in wealth

It has truly turned out to be a festive year for Dalal Street with investors becoming richer by nearly Rs 30 lakh crore since last

Diwali, on the back of recovery in the stock market.

The total investor wealth has more than doubled to over Rs 58 lakh crore in the Samvat year 2065, the year according to the Hindu calendar, ended Friday last week, a day before Diwali.

As curtains are down to Samvat 2065, hopes of swifter economic recovery have replaced sombre mood seen last year.

Reversing the trend after a fall of over 10,000 points during Samvat 2064, the Sensex recorded a gain of 8,813.26 points, or 103.57 per cent, in the Samvat 2065.

The total investor wealth in the country's 30 blue-chip companies soared by over Rs 13 lakh crore in the Samvat Year 2065. At close on the last day of Samvat 2065, the total investor wealth of the Sensex companies stood at Rs 26,16,523.81 crore.

The total wealth of the promoters of the 30-Sensex companies stood at Rs 12.33 lakh crore, while the public shareholders owned a whopping about Rs 2 lakh crore.

The cash-rich club of promoters of the country's most valued companies include Mukesh Ambani, Azim Premji, Tatas, Anil Ambani and Sunil Mittal.

Riding high on hopes of sustainability in economic recovery, the Sensex closed at 17,322.82 points on the last day of Samvat 2065.

At close on Friday last week, the market capitalisation of country's most valued firm Reliance Industries stood at Rs 3.64 lakh crore. Besides, state-run NTPC and ONGC had a valuation of 1.77 lakh crore and 2.65 lakh crore respectively, IT bellwether Infosys Technologies ended the trade with a market capitalisation of Rs 1.25 lakh crore.

During the Samvat-to Samvat period, the market capitalisation of Reliance Industries increased the most by Rs 1.95 lakh crore, followed by ONGC (Rs 1.32 lakh crore), NTPC (Rs 73,137 crore) and Infosys (Rs 53,882 crore) in that order.

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