Investors celebrate Diwali with Rs 30 lk cr gain in wealth

Mumbai, Oct 18 (PTI) It has truly turned out to be a
festive year for Dalal Street with investors becoming richer
by nearly Rs 30 lakh crore since last Diwali, on the back of
recovery in the stock market.

The total investor wealth has more than doubled to over
Rs 58 lakh crore in the Samvat year 2065, the year according
to the Hindu calendar, ended Friday last week, a day before
Diwali.

As curtains are down to Samvat 2065, hopes of swifter
economic recovery have replaced sombre mood seen last year.

Reversing the trend after a fall of over 10,000 points
during Samvat 2064, the Sensex recorded a gain of 8,813.26
points, or 103.57 per cent, in the Samvat 2065.

The total investor wealth in the country's 30 blue-chip
companies soared by over Rs 13 lakh crore in the Samvat Year
2065. At close on the last day of Samvat 2065, the total
investor wealth of the Sensex companies stood at Rs
26,16,523.81 crore.

The total wealth of the promoters of the 30-Sensex
companies stood at Rs 12.33 lakh crore, while the public
shareholders owned a whopping about Rs 2 lakh crore.

The cash-rich club of promoters of the country's most
valued companies include Mukesh Ambani, Azim Premji, Tatas,
Anil Ambani and Sunil Mittal. (MORE) PTI JD
JVN


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