A sharp rally in the stock market today made the investors richer by over Rs 1.57 lakh crore, as the benchmark index Sensex soared by more than 500 points.
The total investor wealth, measured in terms of cumulative market capitalisation of all listed companies, rose to Rs 65,67,848.15 crore -- up by Rs 1,57,357 crore from its yesterday's level.
More than half of this gain was contributed by the 30 Sensex companies alone, whose combined market value rose by Rs 78,051 crore without any contribution from Reliance Industries, the country's most valued firm and one of the biggest wealth creators traditionally.
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Reliance shares in fact closed almost flat with a 0.03% decline and the company's market value fell by Rs 85 crore to Rs 2,84,918 crore on the BSE.
The only other Sensex stock to close in the red was Anil Ambani group firm Reliance Infra, which fell by 0.84%.
Among the Sensex companies, the biggest gainers in terms of market value were Tata group's TCS
and public sector lender SBI, both of which saw their market cap rising by more than Rs 8,000 crore each.
Public sector energy giant ONGC
also saw its market value rising by more than Rs 7,000 crore, while Infosys
added more than Rs 5,000 crore each to their market wealth.
Other major gainers included HDFC
(Rs 4,100 crore), ICICI Bank
(Rs 3,500 crore), Bharti Airtel
(Rs 3,500 crore), Wipro
(Rs 3,400 crore), ITC
(Rs 2,700 crore), HDFC Bank
(Rs 2,300 crore), Tata Steel
(Rs 2,100 crore), Hero Honda
(Rs 2,100 crore) and Bhel (Rs 2,000 crore).Images: Salman launches the Playbook tablet in India
Tata Motors, HUL, M&M, Jindal Steel, Hindalco, Bajaj Auto
also added more than Rs 1,000 crore to their respective market values, while gains were relatively smaller for companies like Tata Power, Cipla, Maruti Suzuki, Jaiprakash Associates
and Reliance Communications.
The Sensex today rose by 513.19 points to close at 18240.68 points. This was the biggest one-day rally for the Sensex since March 1 and the second biggest rally in more than one year.
The Sensex had gained 623 points on March 1, while it had risen by 561.44 points on May 10, 2010.