On 8th April,2024 both the Sensex and Nifty hit a fresh all time high, creating a new milestone of market capitalization of all listed stocks on BSE of RS.400 lakh crore for the first time on Monday.
Sensex and Nifty make a new all-time highs. BSE market cap touches Rs.400 lakh crore. Retail investors shifting their savings from traditional investment ways, resulting BSE's m-cap growth of Rs. 100 lakh crore in just nine months. This gain of RS. 100 crore in last 9 months due to the impact of a lot of IPOs, FPO. Most of the gains happens by the havoc increase of share prices.
On July 5,2023 when nifty was at 19400 level the Indian stock market touched a RS 300 crore mark. After that, nifty has increased over 16% and recorded a fresh high of 22,696.The rally was more faster in small and midcap stocks that have given a multibagger returns.
This bull run has created a huge wealth to the investors' portfolios which is unprecedented in Indian share market history.
In 2007, India's market cap crossed RS.50 lakh crore, in 2014 crossed RS.100 lakh crore, and crossed RS.200 lakh crore in 2021.In the last one year the PSU stocks were the biggest outperformers, where as nifty PSE and Nifty CPSE doubled in 12 months. Nifty PSU banks also outperformed up about 95%.
Conclusion:
Currently, the Sensex is aiming for 75,000 points, marking a significant milestone for the Indian market. This surge is fueled by the global market's upward trend and increasing interest from investors. As we enter 2024-2025, both the Sensex and Nifty have reached new record highs. However, some analysts caution that there are risks associated with this rapid rise. The market could experience a correction at any moment, so retail investors are advised to proceed with caution and prudence. Despite the short-term uncertainties, many experts believe that long-term investments in the market will yield favorable results.
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