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September 19, 2007 19:17 IST
Last Updated: September 19, 2007 19:25 IST
Stock market investors have become richer by about Rs 5,00,000 crore (Rs 5 trillion) in little over two months during the Sensex's journey from 15,000 to 16,000, taking the total invested capital in the market to Rs 49,17,402 crore (Rs 49174.02 billion).
The total market capitalisation of all the companies listed on the Bombay Stock Exchange stood at about Rs 44,02,000 crore (Rs 44,020 billion) on July 6 when the Sensex hit the 15,000 level for the first time in history.
At the end of Wednesday's trading session, which saw the benchmark Sensex scaling a new peak of 16,000 for the first time in its history, the total market cap soared to Rs 49,17,402 crore, data available with the exchange shows.
Wednesday's 653-point rally has made the investors richer by about Rs 200,000 crore (Rs 2 trillion). The BSE Sensex settled at 16,322.75.
Out of the five-trillion rupee gain registered during this period, a vast majority has been contributed by the country's biggest blue-chip firms present on the Sensex.
The collective market cap of 30 Sensex scrips on Wednesday stood at Rs 21,32,443 crore (Rs 21324.43 billion), as against Rs 19,36,891 crore (Rs 19368.91 billion) on July 6 -- representing a gain of about Rs 2 trillion for the shareholders in these companies.
"We believe there is a long term secular growth trend in the Indian economy... We recommend that investors ignore short-term movements in the markets. The Indian stock market has seen numerous ups and downs, and these do not reflect on the intrinsic worth of the underlying businesses," JPMorgan AMC CEO Krishnamurthy Vijayan said.
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