India’s market cap crosses Rs 70 lakh crore-mark

Investors’ wealth on the Indian bourses has crossed Rs 70,00,000-crore milestone for the first time in history, with an average increase of over Rs 40 crore in every minute of trading during 2007. The total wealth, measured in terms of cumulative market capitalisation of all the listed Companies on the Bombay Stock Exchange, has surged to a record high of Rs 70,38,538 crore (over $1.7 trillion), the latest data available with the bourses show. This marks a ten-fold surge in the total market value in just about four and a half years. It stood at about Rs 7,00,000 crore in May 2003. The investors’ wealth has grown by Rs 34,14,181 crore, or about $970 billion, since the beginning of 2007. Taking into account the 249 days of trading so far this year, this means an average gain of about Rs 13,711 crore a day or about Rs 41 crore a minute.

The Financial Express
http://www.financialexpress.com/news/
Indias-market-cap-crosses-Rs-70-lakh-croremark/255870/