Investors’ wealth surges by Rs 110.57 lakh cr so far this year

New Delhi: Investors’ wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records.

The market capitalisation (mcap) of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore ($5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27.

The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.

Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy.

At the beginning of the year, the BSE Sensex was at 72,271.94 level and the benchmark gauge is now at 84,266.29. Overall, 2024 has been an outstanding year for retail investors, marked by strong market performance, especially in midcaps and smallcaps, backed by domestic liquidity and resilience in the face of FII outflows, he said.

The BSE midcap gauge has surged 12,645.24 points or 34.32 per cent so far this year, while the smallcap index soared 14,777.09 points or 34.62 per cent.

“The sharp rally in recent weeks was the outcome of Fed rate cut and hopes that RBI would also follow suit in its policy meeting,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

The 30-share BSE benchmark ended above the 83,000-level for the first time on September 17. It ended above the historic 84,000-mark for first time on September 20. The benchmark finished above the 85,000-level on September 25.

In 2023, the BSE benchmark had jumped 11,399.52 points or 18.73 per cent. Dalal Street investors added Rs 81.90 lakh crore to their wealth in 2023.

The combined market valuation of all listed companies on the leading stock exchange BSE reached the $4-trillion milestone for the first time ever on November 29 last year.

The market capitalisation of BSE-listed firms hit the $5-trillion mark on May 21 this year.

Reliance Industries is the country’s most valued firm with a market valuation of Rs 19,82,265.88 crore, followed by TCS (Rs 15,50,820.85 crore), HDFC Bank (Rs 13,16,818.45 crore), Bharti Airtel (Rs 9,67,295.41 crore) and ICICI Bank (Rs 8,98,320.22 crore) in the top five order.