As the year 2006 signs off, investors have one more reason to rejoice — it has been one of the best times for wealth creation in the Indian stock market in terms of market cap.
The top ten companies alone added over Rs 3,40,000 crore to their market capitalisation this year on Dalal Street, with Reliance Communications that entered the capital market in March leading the gainers.
Telecom major Bharti Airtel and corporate behemoth Reliance Industries too were among the top performers of the year, according to analysis of the market cap of the 30 sensex companies.
RCom, the Anil Ambani group company, added a whopping Rs 61,000 crore this year, Bharti Airtel gained Rs 53,874 crore, closely followed by Mukesh Ambani-controlled Reliance Industries which managed a podium finish with a gain of Rs 53,050 crore.
Investor wealth has swelled to a stunning Rs 36,24,000 crore in terms of market capitalisation this year with the 30-share index conquering six milestones and ended at 13786.91 points on the last trading session of the year.
Echoing smart gains of the top ten gainers, the benchmark index Sensex grossed a market cap of Rs 17,58,866 crore on the last trading day of the year 2006, the comparison of the last trading sessions data for 2005 to 2006 shows.
Charting handsome gains right from the first day of this eventful year, the barometer index gained 4,408 points representing nearly 40 per cent jump from the last year.
In fact, the bullish Indian markets have continued their charge for the fifth year in the running garnering nearly 10,508 points in the last half decade.