Market recovery brings back $200 Billion
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Market recovery brings back $200 Billion

By SiliconIndia   |   Monday, 27 April 2009, 05:53 Hrs   |    4 Comments
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Market recovery brings back $200 Billion
Mumbai: With benchmark Sensex crossing the 11,000-points level, investors have recovered as much as Rs 10,00,000 ($200 billion) crore of their wealth in less than two months.

However, the recovery so far is less than one-fourth of close to Rs 45,00,000 crore lost in the sharp downturn started in early 2008 and continued for more than a year till early-March this year.

The total investor wealth measured in terms of cumulative market capitalization of all the listed companies in the country, stood at Rs 36,25,000 crore, as seen at the end of the last trading session on April 24, marking an increase of about Rs 10,00,000 crore since March 9, when the total investor wealth had dipped to just above Rs 26,00,000 crore.

The benchmark Sensex has also gained more than 3,000 points since then and closed at 11,329.05 points in the last trading session.

However, the index is still about 10,000 points below its record high level of 21,206.77 points scaled on January 10, 2008. At that time, the total investor wealth had soared to a high of nearly Rs 72,00,000 crore.

Incidentally, the recovery of Rs 10,00,000 crore since March 9 has been mostly led by the top large-caps in the country, with India's 25 most valued firms together accounting for nearly half of the total recovery.

While some analysts have cautioned that it could be a short-term rally and profit-booking at higher levels might again bring in a sharp downtrend, others have asserted that it could be the beginning of a long-running bullish phase.

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Reader's comments(4)
1: Haa, market recovered?. it is the handy work of Chindambaram & Co. Just watch after Election market will crash to level of 8000 again.Unless mafia's and terrorist's are weeded away from Indian Share market,Public will get continued to be fooled and they will lose money.
Posted by:Jayasankar - 28 Apr, 2009
2: Its a good sign in the economy also.We will be recover that amount very soon no matter the next Government will help that,its sure that those heavy losses would be made up.
Posted by:Anupam Rout - 27 Apr, 2009
What sign of Good Economy?.plese do not be foolish.Next govt is going to be a worst than UPA govt ie third front govt, then economy will further crash.
Jayasankar Replied to: Anupam Rout - 28 Apr, 2009
4: But will it be a transient spark, that will again be making way for another down trend? Sorry for being pessimist because I am afraid of thinking other wise. That is our economic predicament now - terribly vulnerable!
Posted by:Hari - 27 Apr, 2009