The Sensex has appreciated over 50% in March 2009 only. And the current ongoing surge in the stock market has pushed the shareholders’ wealth past Rs.50 Lakh Crore mark.
A total of about 1.2 Lakh new stock market investors opened their demat accounts, which is necessary to trade in equities, in May. This has increased the total number of demat accounts in India to over 1.5 Crore.
It may sound strange to you. A Country having population of above 100 Crore has only 1.5 Crore Demat accounts which means that less than 1.5% of the Total Population of India is investing in the stock market.
Probably this is the reason why the wealth is concentrated in the few hands only. According to the principal of 80/20, 20% people of the world own 80% of the total wealth. But in countries like India, 1% People own 99% of the Total Wealth & rest of the 99% own only 1% of the Total Wealth.
According to analysts, the sharp surge in the demat account is because of some fundamentally sound public issues by government-owned companies.
The Total Investor wealth measured in terms of cumulative market capitalization of all listed companies, has soared to nearly Rs.51 Lakh crore. This represents a gain of about Rs.23 lakh crore from the level seen in late October last year. Although it is still about Rs.20 Lakh crore below the peak seen in January 2008.
0 comments:
Post a Comment