Dalal Street investors have become richer by Rs 10.70 lakh crore in 2016, mainly helped by new listings and robust stock market trend where the BSE Sensex has surged over nine per cent.
Total market valuation of all listed firms at stock exchange BSE rose by Rs 10,70,320 crore to Rs 1,11,08,054 crore from Rs 1,00,37,734 crore at the end of 2015.
Riding on a strong stock market sentiment, the total market capitalisation (M-Cap) of BSE-listed companies surged to a lifetime high of Rs 1,11,22,815 crore on August 31.
The market valuation of all listed firms on the BSE had first hit a record high of Rs 100 lakh crore in November 2014.
Last year, the total M-Cap of BSE firms had risen by Rs 2,02,493 crore to Rs 1,00,37,734 crore. After falling 1,381.88 points or five per cent in 2015, the BSE benchmark Sensex has already surged 2,414.57 points or 9.24 per cent so far this year, scaling its 52-week high of 28,581.58 on September 2.
Experts said the rise in investors’ wealth was also on account of rise in the number of listed firms.
This year, 17 new companies have already made their stock market debut.
More than 5,500 companies are listed on the BSE.
In the stock market, Tata Consultancy Services (TCS) continues to remain the most valued firm with a market capitalisation of Rs 4,95,267.06 crore, followed by Reliance Industries (Rs 3,28,477.87 crore), HDFC Bank (Rs 3,26,549.50 crore), ITC (Rs 3,17,554.46 crore) and Infosys (Rs 2,36,826.48 crore).