The post-Budget rally on the Dalal Street has led to the investor wealth crossing the Rs 60-lakh-crore mark, with the 30 Sensex companies accounting for a little less than half of the total market valuation.
The total wealth, measured in terms of cumulative market capitalisation of all the listed companies on the Bombay Stock Exchange (BSE), has surged to a high of Rs 60,74,290.48 crore, the latest data available with the bourse shows.
The investors' kitty has expanded by over Rs 2.41 lakh crore in the past three trading sessions as the Budget sent the markets on an upward tizzy. At the end of trade on Thursday last--one day before the Budget--the m-cap of all the companies listed on the BSE was Rs 58,32,806.65 crore.
The benchmark Sensex today gained 227 points to close at 17,000. The index had gained over 700 points in the past three trading sessions. The last time the Sensex closed at 17,000 level was on January 21.
"The positve effects of the Budget is overweighing the currrent negative global cues. This is pushing the market upwards," Angel Broking Chairman Dinesh Thakkar said.
The combined market cap of 30-Sensex stocks rose to Rs 25,47,669 crore at the end of today's trade, from Rs 24,47,453 crore on February 25.
The m-cap of the country's most valued firm Reliance stood at Rs 3.34 lakh crore crore, followed by ONGC with a market cap of Rs 2.35 lakh crore, NMDC (Rs 1.71 lakh crore), NTPC (Rs 1.70 lakh crore) and MMTC (Rs 1.69 lakh crore).
