Investor wealth soars by Rs 1.97 lakh cr.

MUMBAI: A near-700 point surge in the barometer index, Sensex on Monday brought a windfall of sorts for the investors, who got richer by nearly two lakh crore on the eve of Christmas.

The market capitalisation of all the listed companies on the BSE soared to Rs 67.61 lakh crore from Rs 65.64 lakh crore on December 20, adding Rs 1.97 lakh crore, as per data available on the stock exchange.

Besides, the Sensex accounted for almost half of the total market cap of all the companies, as the 30-share index' valuation stood at Rs 27.90 lakh crore. The index added Rs 98,082.69 crore to the investors' wealth in today's trading session.

Reliance Industries, the heavyweight scrip in the index, gained 2.70 per cent to end at Rs 2,788.05, adding Rs 10,662.13 crore in today to its market capitalisation which stood at Rs 4,05,284.5 crore.

Other gainers include Tata Steel, which added Rs 2,795.1 crore to its market capitalisation today with its total valuation at Rs 63,069 crore. IT majors TCS and Wipro added Rs 6,210 crore and Rs 6, 338.03 crore respectively to their market caps.

Telecom major Bharti Airtel's scrip also gained over 6 per cent at the bourses today, adding over Rs 10,000 crore to its market cap of Rs 1.84 lakh crore. Market valuations of Anil Ambani Group firms' Reliance energy and Reliance Communications also witnessed a rise of over Rs 2,000 crore today.
Source economic times.