With Dalal Street crossing the 19K milestone in a record rally, investors in stock market may celebrate this Diwali with a big bang, with the day likely to make each one of them a crorepati, if the wealth were to be equally divided among the 6 mn demat account holders.

The total investors’ wealth soared to a record high of Rs 58,29,886.46 crore at the end of Monday’s trading, measured in terms of cumulative market cap of all the listed companies on the BSE.

Now, analysts are predicting the next 1,000-point rally to 20,000 point milestone to happen by the month-end, ahead of the festival of wealth Diwali on November 9, and this level would add close to Rs 3,00,000 crore of additional notional wealth to the investors’ kitty.

This will take the total investor wealth to close to Rs 61,00,000 crore which would in turn translate into an average wealth of more than Rs one crore per investor or per demat account to be precise. Currently there are an estimated 62 lakh active demat accounts in the country, registered with the two depositories NSDL and CDSL.

Investor wealth
The total investor wealth has already gained by close to Rs 6,00,000 crore since the beginning of this month, when it stood at about Rs 52,25,000 crore. “For crossing the 20,000-mark, the journey of another 1000-points would not matter much as the market is going ahead on a furious pace and is unpredictable. May be it could take just 2-3 days,” Asika Stock Brokers’ Paras Bodhra said.

“With the markets going forward so fast, 20,000 can happen in two days. But pace is worrisome and investors should be really cautious,” Arun Kejriwal of Kejriwal Research and Information Services said.