D Street investors gain over Rs.31 trn in FY22 so far

Equity investors have witnessed a wealth addition of more than Rs31 lakh crore (Rs 31,18,934.36 crore) in the first four months of the current fiscal, helped by an overall bullish sentiment in the market.

The 30-share BSE Sensex has jumped 3,077.69 points or 6.21 per cent during April-July this fiscal. Reflecting an upbeat sentiment in the market, the benchmark had reached its all-time high of 53,290.81 on July 16, 2021. It closed at its life-time high of 53,158.85 points on July 15. Thanks to the optimistic investor sentiment, the market capitalisation (mcap) of BSE-listed companies have zoomed Rs 31,18,934.36 crore to reach Rs 2,35,49,748.90 crore - its record high level - on July 30.

"Money flow and liquidity are the key factors behind investors' bullish sentiments," said Rahul Sharma, co-founder, Equity99. Sharma added that markets have performed extremely well post the sell-off in 2020. The benchmarks have more than doubled from the lows of March 2020. "Once the rally began, volatility dropped, and the bull market climbed significantly," he said.

In the entire 2020-21 fiscal, the market capitalisation of BSE-listed companies zoomed Rs 90,82,057.95 crore to Rs 2,04,30,814.54 crore.