New Delhi, Dec 29 (PTI) Investors became richer by Rs Also Read - Have You Faced ATM Transaction Failure Due to Insufficient Balance? Here’s What You Need to do

45.50 lakh crore this year helped by a strong rally in the Also Read - Working on War Footing to Resolve Matter: HDFC Bank Tells Customers After RBI Order on Service Outage

stock market where the BSE benchmark surged 28 per cent. Also Read - RBI Asks HDFC to Stop Selling New Credit Cards & Halt Digital Activities After Outages

The Sensex gained 7,430.37 points, or 27.91 per cent,

this year. The 30-share key index touched its lifetime high of

34,137.97 on December 27.

Led by the strong show in the stock market, the market

capitalisation of BSE-listed companies soared by Rs 45,50,867

crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year.

The Sensex today went up by 208.80 points, or 0.62 per

cent, to end the last trading session of the year at

34,056.83.

“Stock markets in India closed the year 2017 on a buoyant

note as benchmark indices opened the last trading day of the

year in the positive zone and hit fresh intra-day high in

mid-afternoon trade. Fresh buying in index pivotals pushed the

markets higher and propelled them to close the day with sharp

gains,” said Karthikraj Lakshmanan, Senior Fund Manager

Equities, BNP Paribas Mutual Fund.

Sameet Chavan, Chief Analyst-Technical and Derivatives,

Angel Broking said, “The concluding session of the year traded

with a positive bias and eventually wrapped up the activity

almost at record close. This has been a remarkable year for

Indian markets, in fact, we should put it as, for the equity

markets across the globe.”

A large number of successful IPOs have also ensured that

the total investor wealth, measured in terms of cumulative

valuation of all listed shares, gain.

A total of 36 companies have hit the market with their

initial public offers this year, with most of them receiving

strong response from investors.

The bluechip index had gained 508.92 points, or 1.94 per

cent, in 2016.

“Series of positive reforms from the Sebi meeting and

expectations of pre budget kept nudging prices higher,” said

Anand James, Chief Market Strategist, Geojit Financial

Services Ltd.

From the 30-Sensex pack, 24 stocks ended with gains, led

by Tata Motors, Axis Bank, TCS and Hero MotoCorp.

RIL is the country’s most valued firm with a market

valuation of Rs 5,83,347.34 crore, followed by TCS (Rs

5,16,934.22 crore), HDFC Bank (Rs 4,85,272.61 crore), ITC (Rs

3,20,730.92 crore) and HUL (Rs 2,96,122.31 crore).

This is published unedited from the PTI feed.