Indian Stock Markets at Peak : Investors wealth crosses Rs 60 lakh crore

Indian Stock Markets are on their peak at the close of Friday trading session amid strong buying coming from all ends and the clarity on the P-Note issue provided by the SEBI .

On Friday the Sensex was up 472.28 points to close at 19,243.17 after touching an intra-day life time peak to the sensex of 19,276.45 points.

Investors wealth on Friday crossed the Rs 60,00,000-crore mark for the first time, which is measured in terms of total market capitalisation of all the listed companies. The market capitalisation of all the Indian Listed Companies rose by Rs. 1,53,000 crore measuring at 60,43,188.92 crore, from Thursday’s market cap of Rs 58,89,943 crore.

Previously when the Markets were trading at their lows on october 19th 2007, because of the P-note problems a total of Rs 2,70,000 crore investors wealth wiped out. The combined wealth stood at Rs 54,65,000 crore at the end of trade on October 19,2007.

SEBI’s intervention in to the matters and providing clarity on the P-note issue has helped the markets to come-off from their lows and to scale new heights.