Sensex rises 16% this fiscal leaving investors richer by Rs 26 trillion
MUMBAI: Benchmark Sensex slipped 27 points on Friday to end at 29,620.50 on the last trading day of 2016-17, but scored a gain of over 16% for the full fiscal during which investors’ wealth grew by over Rs 26 trillion.
The broader 50-share index Nifty, which on Friday ended flat at 9,173.75 points, scored even better for the full year with a surge of 18.55%. Measured in terms of total market capitalisation of all listed stocks on the BSE, the overall investor wealth grew to a record high of Rs 121 trillion—up from Rs 94.75 trillion at the end of fiscal 2015-16.
Credit: www.livemint.com