Under the Modi 3.0 government, the stock market has made huge gains for investors.
This time the Prime Minister of the country Narendra Modi had started his election campaign with the slogan “400 pairs” so all the exit polls followed the same path and presented their numbers on June 3. On that day there was a rise of more than 3 percent in the stock market. Shares of all the big companies of the country hit a 52-week high. Be it Reliance Industries or TCS. The names of the Adani Group companies can also be kept in this list. SBI and LIC were also included in this list. When the results came out on June 4, the BJP could not cross the majority mark on its own and the stock market could not digest these numbers. During the trading session on June 4, Sensex and Nifty fell by 9 percent.
It is different that the BJP formed the NDA government by forming an alliance with its allies. On June 9, Narendra Modi was sworn in as the Prime Minister for the third consecutive time. Well, some call this government a government on crutches and some call it NDA. So no one hesitates to call it Modi government 3.0. It has been 100 days since the government was formed. In these 100 days, the mood of the stock market was completely opposite to what was being predicted. During this period, Sensex and Nifty gave returns of more than 7 per cent to investors. More than Rs 38 lakh crore came to the bottom of investors. It clearly means that the stock market has completely embraced the Modi government 3.0. So let us try to understand what kind of stock market numbers have been seen in these 100 days.
Stock market evolution 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 returns of more than 7 per cent. After the formation of the government, the Sensex closed at 76,490.08 points on June 10. On September 10, the Sensex has reached 81,921.29 points with a slight rise. During this period, Sensex has seen an increase of 5,431.21 points. This means that Sensex has given its investors a return of 7.10 per cent.
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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 10, Nifty closed at 25,041.10 points with a rise of more than 100 points. This means that Nifty has seen a rise of 1,781.9 points during this period. During this period, Nifty has given a return of 7.66 per cent to investors, which is more than the Sensex.
What was the situation before that?
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 rose from 72,240.26 points after December 29 to 76,693.36 points till June 7. This means that the Sensex has risen by 4,453.1 points during this period, which is an increase 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, till June 7, Nifty jumped 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 benefited by over Rs 38 lakh crore
If we talk about the benefits to the investors i.e. the market capitalisation of BSE, during this period an increase of more than 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. Which increased to Rs 4,63,49,659.43 crore on September 10. This means that there has been a gain of Rs 38,27,494.48 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 the 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 over Rs 59 lakh crore has found its way into the pockets of investors during this period.
