Investors Grew Richer by Rs. 32.49 Lakh Crore

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Investors Grew Richer by Rs. 32.49 Lakh Crore

In the year 2020, the Sensex gained 15.7 per cent. Equity investors grew richer by Rs 32.49 lakh crore in 2020 helped by massive returns in the equity market which had a roller coaster ride during the year hit by the coronavirus pandemic. The total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore. Approval of two COVID-19 vaccines has brought cheers to the domestic market. Also, positive global cues favoured market sentiment.

Till Monday’s trade, markets recorded their ninth straight session of gain. During this time, the BSE Sensex jumped 2,622.84 points or 5.75 per cent and closed above the 48,000-mark for the first time on Monday. In the past nine trading sessions, the market capitalisation of BSE-listed firms have jumped a whopping Rs 12,89,863.39 crore to a record Rs 1,91,69,186.44 crore (USD 2.6 trillion).

About the author: IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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