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 (Rs 3 trillion) in just six-and-half months.
Total investor wealth soared to over Rs 34,000,000 crore (Rs 340000 billion), 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 (Rs 31000 billion) on April 20 when the Sensex first hit the 12,000 level.
A large part of this bounty, to be precise Rs 1,50,000 crore (Rs 1500 billion), 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 (Rs 16500 billion), from about 15,00,000 crore (Rs 15000 billion) 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.
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