Investors' wealth swells over 10-fold in 10 years
In an eventful decade, the wealth of investors in the Indian stock market has grown over 10-fold to nearly Rs 73 lakh crore by the end of 2010.business Updated: Dec 31, 2010 19:13 IST
In an eventful decade, the wealth of investors in the Indian stock market has grown over 10-fold to nearly Rs 73 lakh crore by the end of 2010.
Besides, during the decade ended on Friday, the total investor wealth, measured in terms of cumulative market capitalisation of all listed companies on the Bombay Stock Exchange, grew to nearly 10-fold from about Rs 7,00,000 crore at the end of the year 2000, to Rs 72,96,725.14 as on December 31, 2010.
Last 10 years have seen the stock markets bellwether Sensex travelling from 4,000 mark in 2001, to over 20,500 by the end of 2010.
"Sensex has grown over five-fold over the past decade. To put in other words, if somebody has invested Rs 1,00,000 in Sensex at the beginning of the decade, it would have, at present, become Rs 5,16,792," SMC Capitals equity head Jagannadham Thunuguntla said.
Stock markets have witnessed a smart surge over the decade on the back of robust overseas investments and strong India growth story, said an expert.
"The barometer of Indian capital markets Sensex has moved up five fold from 4,000 to 20,000 in this decade and the FII investment, which was Rs 6,200 crores in the year 2000 has surpassed Rs 1,00,000 crore in 2010," Unicon Securities Vice President Research Madhumita Ghosh said.
Going forward, experts feel that with the growing stature of India on the global front, the coming decade will also be equally fruitful for India.