Investors On Dalal St Richer By Rs 110.57 Trn In 2024

New Delhi: Investors’ wealth surged by a whopping Rs110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation (mcap) of BSE-listed firms soared Rs110,57,617.4 crore to Rs4,74,86,463.65 crore ($5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs477.93 lakh crore on September 27. The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones. Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy.

“One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry,” said Santosh Meena, head (research), Swastika Investmart Ltd. Despite selling pressure from FIIs, the Indian equity markets reached record highs, delivering solid gains, he said. “Notably, the midcap and smallcap indices outperformed and several stocks turned into multibaggers, rewarding retail investors handsomely,” Meena added.