ManagementInvestor wealth soars by Rs 4.33 lakh cr in Sept
September proved to be fruitful for investors as they grew wealthier by Rs 4.33 lakh crore in the period, with the benchmark index Sensex gaining over 10 per cent.
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The investor wealth, measured in terms of combined market capitalisation of all listed companies on the Bombay Stock Exchange, rose by Rs 4,33,651.31 crore in September to Rs 57,08,337.29 crore.
The cumulative market valuation was Rs 52,74,685.98 crore at the beginning of the month.
The market valuation of companies increased on positive momentum in the market with the benchmark index Sensex gaining over 1,500 points or 10.18 per cent to settle at 17,126.84 points on September 30.
The combined market capitalisation of 30-Sensex companies, which accounts for 45.3 per cent of the entire market, rose by Rs 2,22,467.22 crore in the month.
The total market capitalisation rose to Rs 25,85,665.63 crore at the end of the month, from Rs 23,63,198.41 crore at the beginning.
This is the third-biggest return by Sensex so far this year. May had been the best month in terms of returns with the index gaining 20 per cent in the month, followed by 15 per cent in April.
The months in which Sensex gave negative returns include January (4.83 per cent), February (1.93 per cent), June (3.43 per cent) and August.