NEW DELHI: Investors became richer through Rs 45.50 lakh crore this 12 months helped through a powerful rally within the stock market where the BSE benchmark surged 28 in step with cent.
The Sensex received 7,430.37 points, or 27.91 in step with cent, this 12 months. The 30-share key index touched its lifetime high of 34,137.97 on December 27.
Led through the robust display within the stock market, the market capitalisation of BSE-listed firms soared through Rs 45,50,867 crore to Rs 1,51,73,867 crore ($2.three trillion) this 12 months.
The Sensex today went up through 208.80 points, or zero.62 in step with cent, to end the last buying and selling session of the 12 months at 34,056.83.
"Stock markets in India closed the year 2017 on a buoyant note as benchmark indices opened the last trading day of the year in the positive zone and hit fresh intra-day high in mid-afternoon trade. Fresh buying in index pivotals pushed the markets higher and propelled them to close the day with sharp gains," said Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund.
Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking said, "The concluding session of the year traded with a positive bias and eventually wrapped up the activity almost at record close. This has been a remarkable year for Indian markets, in fact, we should put it as, for the equity markets across the globe."
A lot of successful IPOs have additionally ensured that the full investor wealth, measured when it comes to cumulative valuation of all indexed shares, achieve.
A complete of 36 firms have hit the market with their initial public offers this 12 months, with most of them receiving robust reaction from traders.
The bluechip index had received 508.92 points, or 1.94 in step with cent, in 2016.
"Series of positive reforms from the Sebi meeting and expectations of pre budget kept nudging prices higher," said Anand James, Chief Market Strategist, Geojit Financial Services Ltd.
From the 30-Sensex pack, 24 shares ended with positive aspects, led through Tata Motors, Axis Bank, TCS and Hero MotoCorp.
RIL is the rustic's most valued company with a market valuation of Rs five,83,347.34 crore, followed through TCS (Rs five,16,934.22 crore), HDFC Bank (Rs 4,85,272.61 crore), ITC (Rs three,20,730.92 crore) and HUL (Rs 2,96,122.31 crore).
The Sensex received 7,430.37 points, or 27.91 in step with cent, this 12 months. The 30-share key index touched its lifetime high of 34,137.97 on December 27.
Led through the robust display within the stock market, the market capitalisation of BSE-listed firms soared through Rs 45,50,867 crore to Rs 1,51,73,867 crore ($2.three trillion) this 12 months.
The Sensex today went up through 208.80 points, or zero.62 in step with cent, to end the last buying and selling session of the 12 months at 34,056.83.
"Stock markets in India closed the year 2017 on a buoyant note as benchmark indices opened the last trading day of the year in the positive zone and hit fresh intra-day high in mid-afternoon trade. Fresh buying in index pivotals pushed the markets higher and propelled them to close the day with sharp gains," said Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund.
Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking said, "The concluding session of the year traded with a positive bias and eventually wrapped up the activity almost at record close. This has been a remarkable year for Indian markets, in fact, we should put it as, for the equity markets across the globe."
A lot of successful IPOs have additionally ensured that the full investor wealth, measured when it comes to cumulative valuation of all indexed shares, achieve.
A complete of 36 firms have hit the market with their initial public offers this 12 months, with most of them receiving robust reaction from traders.
The bluechip index had received 508.92 points, or 1.94 in step with cent, in 2016.
"Series of positive reforms from the Sebi meeting and expectations of pre budget kept nudging prices higher," said Anand James, Chief Market Strategist, Geojit Financial Services Ltd.
From the 30-Sensex pack, 24 shares ended with positive aspects, led through Tata Motors, Axis Bank, TCS and Hero MotoCorp.
RIL is the rustic's most valued company with a market valuation of Rs five,83,347.34 crore, followed through TCS (Rs five,16,934.22 crore), HDFC Bank (Rs 4,85,272.61 crore), ITC (Rs three,20,730.92 crore) and HUL (Rs 2,96,122.31 crore).
Investor wealth surges by Rs 45.50 lakh crore in 2017
![Investor wealth surges by Rs 45.50 lakh crore in 2017]()
Reviewed by Kailash
on
December 30, 2017
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