Stock market continues to break records on Modi 3.0. Investors have earned Rs 45 lakh crore in 100 days.
The kind of election results that were revealed on June 4 and the kind of reaction that was seen in the stock market. Everyone was expecting both Sensex and Nifty to disappoint investors this year. On June 9, Narendra Modi was again sworn in as the Prime Minister. Since then, the stock market has not looked back. Since then, stock market investors have received Rs 45 lakh crore.
The stocks of many companies have not only recovered since the June 4 crash but have also advanced. The stock market investors are clearly saying that with Narendra Modi becoming the Prime Minister and there being no change in all the important cabinet ministries, the message to the stock market is clear that the government will function in the same manner as it has been doing for the last 10 years. This is the reason why the enthusiasm in the stock market has increased even more.
The enthusiasm of the stock market can be gauged from the fact that in the 100 days of Modi 3.0, Sensex has given investors a return of around 9 per cent. On the other hand, Nifty, the main index of the National Stock Exchange, has gained more than 9 per cent for investors. What is special is that before these 100 days, the market capitalisation may have increased a bit this year, but investors got less returns from Sensex and Nifty.
read this too
In such a situation, looking at the numbers, it can be said that Modi 3.0 has been fully assimilated by the stock market. Moreover, for the next few days, there have been clear messages that investors will gain a lot in the stock market even with this coalition government. Shall we also tell you what kind of stock market figures have been seen in these 100 days?
Sensex and Nifty performance in 100 days
It has been 100 days since the formation of the Modi 3.0 government. In such a situation, the performance of the stock market cannot be termed as bad at all. If we look at the numbers during this period, Sensex has given investors a return of around 9 per cent. After the formation of the government, the Sensex closed at 76,490.08 points on June 10. On September 16, the Sensex touched 83,184.34 points during the trading session. During this period, Sensex has seen an increase of 6,694.26 points. This means that Sensex has given a return of 8.75 per cent to investors.
If we talk about Nifty, the main index of the National Stock Exchange, it has given more returns than Sensex. As per the data, it was seen at 23,259.20 points. On September 16, Nifty hit the day’s high of 25,445.70 points during the trading session. This means that Nifty has seen a rise of 2,186.5 points during this period. During this period, Nifty has given a return of 9.40 percent to the investors, which is more than the Sensex.
How much refund was given before 100 days?
The stock market may have been profitable since June 10, but it was less than in these 100 days. From the beginning of this year till June 7, i.e. before the swearing-in ceremony, Sensex has offered investors lower returns compared to the subsequent 100 days. According to the data, the Sensex fell from 72,240.26 points after December 29 to 76,693.36 points on June 7.
This means that the Sensex has risen by 4,453.1 points during this period, which is a rise of 6.16 percent. If we talk about Nifty, here too the returns are slightly lower compared to these 100. On December 29, Nifty closed at 21,731.40 points. After that, on June 7, Nifty jumped by 1,558.75 points and closed at 23,290.15 points. This means that Nifty has given investors a return of 7.17 percent.
Investors earned Rs 45 lakh crore
If we talk about the benefits to the investors i.e. the market capitalisation of BSE, during this period, an increase of over Rs 38 lakh crore has been observed. As per the data, on June 10, the market capitalisation of BSE stood at Rs 4,25,22,164.95 crore. It increased to Rs 4,70,09,547.18 crore on September 16. This means that there has been a gain of Rs 44,87,382.23 crore in the market capitalisation of BSE.
If we talk about the previous period, though Sensex and Nifty saw less growth during that period as compared to these 100 days, there was a huge increase in market capitalisation. The market capitalisation of BSE on December 29, 2023, was Rs 3,64,28,846.25 crore, which increased to Rs 4,23,49,447.63 crore on June 7. This means that more than Rs 59 lakh crore found its way into the pockets of investors during this period.
