Investor wealth increased by Rs 13.63 lakh crore in April

Mumbai: In the Indian stock markets, foreign portfolio investors (FPIs) have again become buyers of stocks in large numbers, many stocks have recovered from the decline and have risen rapidly. Along with this, the wealth of investors in stocks, i.e. the aggregate market capitalization of companies listed in BSE, has increased by Rs. 13.63 lakh crore in the first month of the current financial year 2022-23, April.

The wealth of investors in stocks which was Rs.258.19 lakh crore at the end of March 31, 2023, has increased by Rs.13.63 lakh crore in one month to reach Rs.271.82 lakh crore at the end of April 2023. Sensex has increased by 3.59 percent i.e. from the level of 58991.52 to 61112.44 in this one month. Sector-wise realty stocks have seen the most traction,

BSE Realty Index rose 14.78 percent to 3560. In realty stocks, DLF rose to Rs 425 from Rs 357 in a month. While Godrej Properties has increased from Rs.1030 to Rs.1315, Indiabulls Realty has increased from Rs.48 to Rs.73. Along with this, the auto index has increased by 7.35 percent to 30325.51 with the attractiveness of buying in the stocks of automobile companies.

In auto stocks, Maruti Suzuki has increased from Rs.8292 to Rs.8590 in a month, Tata Motors has increased from Rs.420 to Rs.485, Bajaj Auto has increased from Rs.3880 to Rs.4430, TVS Motor has increased from Rs.1075 to Rs.1140. While the BSE Bankex index has increased by 6.40 percent to 48982.83 as funds were taken in banking stocks. State Bank of India increased from Rs.523 to Rs.580, ICICI Bank increased from Rs.877 to Rs.920, Kotak Mahindra Bank increased from Rs.1730 to Rs.1940.

BSE Capital Goods Index rose 6.89 percent to 36738.88 as the rally in capital goods stocks gained momentum in the last one month. Larsen & Toubro increased from Rs.2165 to Rs.2365, Hindustan Aeronautics increased from Rs.2730 to Rs.2925, Siemens increased from Rs.3325 to Rs.3450, Laxmi Machine Works increased from Rs.9970 to Rs.10,800.

Apart from this, the BSE Financial Services Index has increased by 6.49 percent in a month as the bullishness in the stocks of financial services companies has become widespread. While the information technology index fell by 3.43 percent to 27503.49 as the IT stocks sold off during the month on expectations of reduced opportunities and poor performance for IT companies in the period of banking crisis in America and Europe. The BSE Small Cap Index rose 7.27 percent to 28917.07 and the Mid Cap Index rose 5.92 percent to 25492.43 in one month due to increased buying in small and mid cap stocks in the last fortnight.