New Delhi, August 16: Keeping the promise it showed on the very first day of trading after the UPA government won the mandate for the second term at the Centre, the stock market has seen over Rs 10,00,000 crore being added to its wealth in just about three months since its historic surge on May 18.
According to the market capitalisation data available with the stock exchanges, the cumulative investors’ wealth, measured in terms of total market capitalisation of all the listed companies, has soared past Rs 51,00,000 crore — up from Rs 40,00,000 crore about three months ago on May 15, or a day before the general election results were announced favouring the return of the Congress-led UPA government.
The Sensex has surged ahead by more than 3,200 points during this period — rising from 12,173.42 points on May 15 to 15,411.
–PTI