Investor wealth doubles to over Rs60 lakh crore in FY10

With stock markets taking a positive leap in fiscal 2009-10, investors' wealth almost doubled to cross the Rs60 lakh crore mark led by strong contributions from Reliance Industries and TCS, reports PTI.

Investor wealth, calculated from the combined market capitalisation (m-cap) of all the listed companies on the Bombay Stock Exchange, expanded by over Rs30.32 lakh crore during the reviewed fiscal to settle at Rs 61,65,618 crore. The combined market valuation of all the listed companies was Rs 31,33,086 crore at the beginning of the fiscal on 1 April 2009.

According to the analysis of the top 10 companies in terms of valuation, Reliance Industries emerged at the top with an addition of Rs1,02,872.17 crore to its m-cap during the financial year 2009-10. It added Rs1,02,872.17 crore to its market valuation, taking its total m-cap to Rs3,51,446.01 crore for the fiscal year ended 31 March 2010. Reliance Industries had a total market valuation of Rs2,48,573.84 at the beginning of the fiscal on 1 April 2009.

Top outsourcing firm TCS also saw its valuation swell by Rs99,552.98 crore to Rs1,52,818.18 crore in the same period.

For the entire financial year, the Sensex has registered a gain of 7,819 points, up 80.5% from 9,708.50 points as on 31 March 2009, to settle at 17,527.77 at the end of trade.

Two state-run firms—ONGC and NTPC—together added Rs86,645.05 crore to their m-cap during the said period.

ONGC saw its valuation surge by Rs63,021.81 crore, and NTPC by Rs23,623.24 crore.

Trading firm MMTC added Rs82,637.75 crore to its m-cap, while IT bellwether Infosys Technologies added Rs71,268.28 crore. The country's largest public sector lender SBI saw its m-cap swell by Rs63,808.61 crore.

Private telecom services provider Bharti Airtel added Rs1,693.40 crore to its m-cap and power equipment maker BHEL saw its valuation surge by
Rs44,712.76 crore.

Iron ore major NMDC saw an increase of Rs54,118.15 crore in its m-cap.

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