INVESTORS WEALTH SOARS UP BY 1.73 LAKH CRORES

Investor wealth soared by nearly Rs 1.73 lakh crore to Rs 63.78 lakh crore during 2012-13 on the back of rising stock prices helped by foreign fund inflows. The BSE Sensex gained 1,431.57 points or 8.23 per cent in 2012-13 fiscal.Led by the rally in the stock market, the investor wealth soared by Rs 172,945 crore to Rs 63,87,886 crore on March 28, 2013 from Rs 62,14,941 crore in the previous fiscal, 2011-12. In 2012 calender year, the investor wealth had surged 27 per cent to around Rs 67.7 lakh crore.
The Sensex has however, fell by nearly 4 per cent or 745 points in the first three months of the current calender year. Market analysts said that possibility of early general elections and concerns over the pace of economic reform process have dented market sentiments.
"Political uncertainty after DMK pulled out of the ruling UPA coalition, continuing debt crisis in the euro zone pertaining to Cyprus bailout and fears of early general elections have dampened investor sentiment off late. Also, FIIs are on a wait and watch mode," said Gajendra Nagpal, CEO of Unicon Financial Solutions.Foreign Institutional Investors (FIIs) have infused a net amount of about Rs 9,494.47 crore in the Indian stock market in March. FIIs had pumped in USD 4.57 billion (Rs 24,440 crore) in February and USD 4.05 billion (Rs 22,000 crore) in January.