Tuesday 19 May 2009

Investors became richers by Rs.6.50 Lakhs in a minute


Investors have become richer by a whopping Rs 6.5 lakh crore in just a minute as the Sensex saw a historic 2,111 point rise to the 14,000 level as the markets cheered the decisive win of the ruling UPA government in the Lok Sabha elections. Investor wealth, measured in terms of the combined market capitalization of all the listed companies, increased by over Rs 6,56,477 crore in a minute — in the first 30 seconds and then after the resumption of trading at 1155 hours — to Rs 44,63,420.97 crore.

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