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Stock Market Update: The demonstration that India’s stock market performed last week is not only a symbol of economic confidence, but also shows that the country now has the potential to challenge the world not only in political or military strategy but also in the economic field.
Stock Market Update : After the announcement of the ceasefire, there has been a tremendous jump in India’s stock market. While the war with Pakistan on the one hand brought the country to global focus, on the other hand the market filled the investors’ bag. In only 5 business days, the Sensex and Nifty together earned several lakh crore rupees, which is the fastest speed compared to any market around the world.
The market came out after ceasefire
Investors were in suspense when the market was closed on 9 May amidst India Pak tension. But as soon as the news of ceasefire came between India and Pakistan on May 10, there was a wave of boom in the market. In the next 5 business days, the Sensex rose by 2,876 points and it closed at 82,330.59 points. This bounce was around 3.62%. Investors saw such a fast and postal movement after a long time, which created an atmosphere of enthusiasm in the market.
Nifty became ‘king of earning’
While the Sensex performed well, the Nifty also left him behind. The Nifty, which closes at 24,008 points on 9 May, reached 25,019.80 points on 16 May. Nifty gave a return of 4.21% with a jump of 1,011 points in five business days. That is, investors who invested money at the right time, made great profits.
21.50 crore investors get bonus -like profit
The market cap of BSE was Rs 4,16 lakh crore on 9 May, which increased to Rs 4,42 lakh crore on 16 May. This means that in five days, property worth Rs 26.44 lakh crore went into the pocket of investors. The confidence of small and medium investors has also gained tremendous strength due to such a fast edge.
A little lethargy on Friday, but the pace continues
However, the market slipped a little on Friday. The Sensex closed down by 200 points, but this decline was very modest compared to the whole week. The Nifty also went down during the day but finally closed with a slight increase. According to experts, this decline was part of profits and the overall speed of the market was not affected.
India left the world markets behind
When this unprecedented boom was seen in India, at the same time the markets of America, Japan, China and Europe were doing weak performance. US markets gave a return of up to 2%, while China and Japan did not even bounce up to 1%. In comparison, India’s markets proved that even by giving more than 4% returns, the Indian investors and markets are moving firmly in the direction of self -sufficiency even in the midst of global instability.
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