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Investors became richer by Rs 45.50 lakh crore in 2017

The Sensex gained 7,430.37 points, or 27.91 percent, this year.

Investors became richer by Rs 45.50 lakh crore in 2017

New Delhi: Investor wealth surges by Rs 45.50 lakh crore this year helped by a strong rally in the stock market where the BSE benchmark surged 28 percent.

The Sensex gained 7,430.37 points, or 27.91 percent, this year. The 30-share key index touched its lifetime high of 34,137.97 on December 27.

Led by the strong show in the stock market, the market capitalisation of BSE-listed companies soared by Rs 45,50,867 crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year.

In the last trading day of the calander year, stock market closed on a higher note as positive global cues, along with a strong rupee and healthy buying in auto, IT and consumer durables stocks gave a boost to investors` sentiments.

On a closing basis, the broader Nifty50 of the National Stock Exchange (NSE) rose by 52.80 points or 0.50 percent to 10,530.70 points.

The barometer 30-scrip Sensitive Index (Sensex) reclaimed the important 34,000-level and closed at 34,056.83 points -- up 208.80 points or 0.62 percent -- from its previous session`s close.

On the currency front, the Indian rupee strengthened by 21 paise to close at 63.87 against the US dollar from its previous close at 64.08.

On year-over-year basis, the rupee appreciated by a whopping 405 paise, or 5.96 percent, as compared to 2016-end level of 67.92.

The year 2017 gave a massive edge to the Indian currency when compared to its counterparts in other Asian and emerging economies, after a long six-year hiatus.

With Agency Inputs

 

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