New record expected from Indian stock market till Diwali, now preparing to beat Britain after France
The trend of foreign investors in the Indian stock market remains constant. In such a situation, it is expected that by Diwali, the domestic market can again reach a record level. The fear of corona among investors also seems to be over due to vaccination. Apart from this, the market is also booming these days with the expectation of signs of growth in GDP. The market may soon reach new highs, influenced by positive signals from global markets, etc. The way the Indian stock market is booming, it is being speculated that it can overtake Britain by Diwali.
Investor’s capital increased by 8.55 lakh crore in six days
Investors’ wealth has increased by more than 8.55 lakh crore in just six days due to the continued strong rally in the market. In fact, the capitalization of companies listed on the BSE on October 6 was 2,62,20,547 crore, which increased to Rs 2,70,76,138 crore after the closing of the market on October 13. In this way the wealth of investors increased by more than 8.55 lakh crores in just six trading sessions. The Sensex has gained about 1500 points in the last five trading days.
Five IPOs made investors rich
In the year 2021, most of the company IPOs have given strong returns to the investors. More than 40 companies have launched their IPOs in 2021 till September, amounting to over Rs 70,000 crore. Around 30 more IPOs are expected in the October-December quarter. Meanwhile, five company IPOs have given investors up to 418 per cent returns. Home healthcare manufacturer Neureka had introduced an IPO for Rs 400. Within a year, the company’s shares have risen 418 per cent to 2,071.80 from the issue price. Similarly, Paras Defense has given 280 per cent, MTR Tech 204 per cent, Nazara Technologies 191 per cent and Tatva Chintan 165 per cent.
Sensex jumps 453 points to new record level
The bullish trend in the stock markets continued on Wednesday for the fifth consecutive trading session. BSE Sensex jumped 453 points to close at new record level. The Sensex had gone up to 60,836.63 points during trading at one time. In the end, it jumped 452.74 points to close at a record high of 60,737.05. Similarly, the Nifty of the National Stock Exchange closed at 18,161.75, up 169.80 points. During the business, this record had gone up to 18,197.80 points. Mahindra & Mahindra was the top gainer with Sensex shares rising over 5 per cent. Apart from this, ITC, L&T, Tech Mahindra, Titan and Tata Steel were also the main gainers.
Indian market in preparation to beat Britain after France
The Indian stock market may soon overtake the UK after France and join the top five stock exchanges in the world. In fact, the capitalization of the Indian market in the markets around the world has increased the fastest since Corona. Due to this, in September itself, it had overtaken France to come to sixth place. Now it can move to fifth place in terms of market capitalization, leaving behind the UK market.
According to a Bloomberg report, the capitalization of the Indian stock market has increased by 37 per cent this year to over $34.6 trillion. At the same time, the capitalization of the UK market has increased only nine percent this year to $ 3.59 trillion. In such a situation, the Indian market may soon overtake the UK stock market and attain fifth place.
Indian market is very attractive
According to the report, India’s stock market is very attractive. Roger Jones, Head of Equities, London & Capital Asset Management, said India’s stock market looks very attractive. The country is expected to grow rapidly. At the same time, the UK economy has been struggling since the results of the Brexit referendum. In such a situation, at any point of time, the Indian market can overtake the UK market in terms of capitalization.
