Rs 10,00,000 cr of investors wealth bought Back .. is this the Recovery Phase?
However, the total recovery so
far is less than one-fourth of close to Rs 45,00,000 crore lost in the sharp
downturn that started in early 2008 and continued for more than a year till
early-March this year. At the
end of the last trading session (April 24), the total investor wealth measured
in terms of cumulative market capitalisation of all the listed companies in the
country, stood at Rs 36,25,000 crore.
This marks an increase of about Rs 10,00,000
crore since March 9, when the Sensex was trading near its one-year low of 8,000
points and the total investor wealth had dipped to just above Rs 26,00,000
crore. The benchmark Sensex has
also gained more than 3,000 points since then and closed at 11,329.05 points in
the last trading session.
However, the index is still about 10,000 points below its record high level of 21,206.77 points scaled on January 10, 2008. At that time, the total investor wealth had soared to a high of nearly Rs 72,00,000 crore.
Incidentally, the recovery of Rs
10,00,000 crore since March 9 has been mostly led by the top large-caps in the
country, with India's 25 most valued firms together accounting for nearly half
of the total recovery.
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