Mumbai, October 02: September proved to be fruitful for investors as they grew wealthier by Rs 4.33 lakh crore in the period, with the benchmark index gaining over 10 percent.
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 percent to settle at 17,126.84 points on September 30.
The combined market capitalisation of 30-Sensex companies, which accounts for 45.3 percent 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 percent in the month, followed by 15 percent in April.
The months in which Sensex gave negative returns include January (4.83 percent), February (1.93 percent), June (3.43 percent) and August.
–Agencies