{"id":50010,"date":"2017-12-29T15:05:17","date_gmt":"2017-12-29T15:05:17","guid":{"rendered":"http:\/\/www.bnreport.com\/dalal-street-investors-richer-by-rs-45-50-lakh-crore-in-2017\/"},"modified":"2017-12-29T15:05:18","modified_gmt":"2017-12-29T15:05:18","slug":"dalal-street-investors-richer-by-rs-45-50-lakh-crore-in-2017","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/dalal-street-investors-richer-by-rs-45-50-lakh-crore-in-2017\/","title":{"rendered":"Dalal Street investors richer by Rs 45.50 lakh crore in 2017"},"content":{"rendered":"

Investors became richer by Rs 45.50 lakh crore this year helped by a strong rally in the stock market where the BSE<\/a> benchmark surged 28 per cent. <\/p>\n

The Sensex<\/a> gained 7,430.37 points, or 27.91 per cent, this year. The 30-share key index touched its lifetime high of 34,137.97 on December 27. <\/p>\n

Led by the strong show in the stock market, the market capitalisation of BSE-listed companies soared by Rs 45,50,867 crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year. <\/p>\n

The Sensex today went up by 208.80 points, or 0.62 per cent, to end the last trading session of the year at 34,056.83. <\/p>\n

"Stock markets in India closed the year 2017 on a buoyant note as benchmark indices opened the last trading day of the year in the positive zone and hit fresh intra-day high in mid-afternoon trade. Fresh buying in index pivotals pushed the markets higher and propelled them to close the day with sharp gains," said Karthikraj Lakshmanan, Senior Fund Manager \u2013 Equities<\/a>, BNP Paribas Mutual Fund. <\/p>\n

Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking said, "The concluding session of the year traded with a positive bias and eventually wrapped up the activity almost at record close. This has been a remarkable year for Indian markets, in fact, we should put it as, for the equity markets across the globe." <\/p>\n

A large number of successful IPOs have also ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, gain. <\/p>\n

A total of 36 companies have hit the market with their initial public offers this year, with most of them receiving strong response from investors. <\/p>\n

The bluechip index had gained 508.92 points, or 1.94 per cent, in 2016. <\/p>\n

"Series of positive reforms from the Sebi<\/a> meeting and expectations of pre budget kept nudging prices higher," said Anand James, Chief Market Strategist, Geojit Financial Services Ltd. <\/p>\n

From the 30-Sensex pack, 24 stocks ended with gains, led by Tata Motors, Axis Bank<\/a>, TCS<\/a> and Hero MotoCorp. <\/p>\n

RIL<\/a> is the country's most valued firm with a market valuation of Rs 5,83,347.34 crore, followed by TCS (Rs 5,16,934.22 crore), HDFC Bank (Rs 4,85,272.61 crore), ITC<\/a> (Rs 3,20,730.92 crore) and HUL (Rs 2,96,122.31 crore). <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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The post Dalal Street investors richer by Rs 45.50 lakh crore in 2017<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors became richer by Rs 45.50 lakh crore this year hel..<\/p>\n","protected":false},"author":1,"featured_media":50011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-50010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nDalal Street investors richer by Rs 45.50 lakh crore in 2017 - Business News Report<\/title>\n<meta name=\"description\" content=\"Investors became richer by Rs 45.50 lakh crore this year hel..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/dalal-street-investors-richer-by-rs-45-50-lakh-crore-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dalal Street investors richer by Rs 45.50 lakh crore in 2017 - 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