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Despite pandemic, investor wealth sees rise of Rs 32 49 lakh crore in 2020
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Investor wealth grew a mammoth Rs 32 49 lakh crore in pandemic-hit 2020: Report
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Investor wealth grows a mammoth Rs 32.49 lakh crore in pandemic-hit 2020
Markets witnessed volatile trends during the year, with the benchmark crashing to its one-year low of 25,638.9 on March 24, only to roar back to its record high of 47,896.97 on the last day of trade. December 31, 2020 / 07:17 PM IST
Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic.
The COVID-19 outbreak ravaged lives and livelihoods on a global scale, shuttering businesses and jolting world equities. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.
For the entire year, the market capitalisation of BSE-listed firms zoomed by Rs 32,49,689.56 crore to reach Rs 1,88,03,518.60 crore. The effect of the crash in March was completely undone over a few months that followed, and markets rose much more to touch peak levels. While expectations of a rebound in economic growth, and the consequent resurgence in corporate earnings, breathe into the markets an unusual optimism, the fact that India would continue to be one of the fastest growing economies in the world with a large consumer market, and an extraordinary potential for growth and development, instils greater confidence in not only domestic investors but also overseas investors, said Joseph Thomas, head of research, Emkay Wealth Management.
India Cosmetics Market
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