The stock market on Monday regained its Rs 50,00,000 crore (Rs 50,000 billion) market capitalisation mark as investors' wealth appreciated by close to Rs 1 trillion on wide-based buying interest on the bourses.
The 30 blue-chip companies, which are part of Sensex, accounted for nearly half of Monday's gain in the overall market capitalisation as the the benchmark index settled with a gain of over 336 points.
The total investor wealth, as measured by the cumulative market cap of all the listed companies in the country, rose to about Rs 50.5 trillion, up from nearly Rs 49.5 trillion at the end of last week's trading.
However, the total market value of all listed companies is still about Rs 22 trillion away from its all-time high of about Rs 72 trillion scaled early this year.
The market had embarked upon a downward journey after the Sensex scaled its all-time high of 21,206.77 points on January 10. The index had fallen over 8,000 points from its peak to touch its 52-week low of 12,514.02 points on July 16.
The total market value had also plunged to nearly Rs 42 trillion on July 16 -- wiping off close to Rs 30 trillion from the record high level.
However, the relatively bullish trends seen in the recent past have helped the market recover more than one-fourth of the total loss in the recent bearish phase.
The total market value of the 30 Sensex companies on Monday rose to Rs 22.46 trillion from about Rs 21.98 trillion as on Friday last week. The market value of Sensex companies had fallen to nearly Rs 18 trillion on July 16.