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‘Modi’s magic’ worked after election results, investors earned Rs 127 crore per minute

Sagar Patel

By Sagar Patel

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Over the past month, the stock market has seen an increase of around 11 percent.

The stock market took a huge fall on the day of the 2024 Lok Sabha election results. Going by the kind of results that came out, it seemed that the market fall would continue. But this did not happen. Sensex and Nifty not only touched record highs but also created history by crossing 80,000 and 24,300 points levels. The market capitalisation of the BSE has touched close to Rs 450 lakh crore. There has been a huge surge in investor profits. Some people call it Modi magic.

Experts believe that now that Prime Minister Narendra Modi is back as the Prime Minister, the stock market is receiving signals of political stability in the country. On the other hand, the market has also received indications that the kind of economic policies that have been observed for the last 10 years will also continue. Due to which the country’s economy will continue to gain momentum. Let us also tell you what kind of growth has been observed in the stock market after the last month, i.e. after the election results.

Tremendous surge in Sensex and Nifty

Firstly, if we talk about Sensex, after the election results there has been a surge of around 11 per cent in Sensex. On June 4, the Sensex closed at 72,079.35 points. On July 5, the Sensex closed at 79,996.60 points. This means that the Sensex has seen an increase of 7,917.25 points. The main index of the National Stock Exchange, Nifty, has seen an increase of 11.15 per cent. According to the data, on June 4, Nifty closed at 21,884.50 points. On July 5, Nifty touched 24,323.85 points. This means that Nifty has seen an increase of 2,439.35 points in ten times.

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Investors made huge profits

During this period, investors also made huge profits. Investors’ profits are linked to the market capitalisation of the BSE. The market capitalisation of the BSE on June 4 was Rs 3,94,83,705.27 crore, which reached Rs 4,49,88,985.87 crore on July 5. This means that investors have made a profit of Rs 55,05,280.6 crore in this month. If we look at it on a minute-by-minute basis, investors have made Rs 127 crore per minute.

Position of the top 10 companies in the country.

  1. The market capitalisation of the country’s largest company, Reliance Industries, stood at Rs 18,90,097.69 crore after market close on June 4, which has increased to Rs 21,51,562.56 crore. This means that the market capitalisation has increased by Rs 2,61,464.87 crore in a month.
  2. The market capitalisation of TCS, the country’s largest IT company, stood at Rs 13,44,408.96 crore after market close on June 4, which has increased to Rs 14,51,739.53 crore. This means that the market cap has increased by Rs 1,07,330.57 crore in a month.
  3. The market capitalisation of the country’s largest private lender HDFC Bank stood at Rs 11,28,094.33 crore after market close on June 4, which has increased to Rs 12,53,894.64 crore. This means that the market capitalisation has increased by Rs 1,25,800.31 crore in a month.
  4. The market capitalisation of Infosys, the country’s largest IT company, stood at Rs 5,78,958.85 crore after market close on June 4, which has increased to Rs 6,83,922.13 crore. This means that the market cap has increased by Rs 1,04,963.28 crore in a month.
  5. The market capitalisation of the country’s largest listed telecom company Bharti Airtel stood at Rs 7,43,569.48 crore after market close on June 4, which has increased to Rs 8,13,794.86 crore. This means that the market cap has increased by Rs 70,225.38 crore in a month.
  6. The market capitalisation of ICICI Bank, the country’s second-largest lender, stood at Rs 7,55,123.74 crore after market close on June 4, which has increased to Rs 8,67,878.66 crore. This means that the market capitalisation has increased by Rs 1,12,754.92 crore in a month.
  7. The market capitalisation of the country’s largest lender SBI stood at Rs 6,91,835.91 crore after market close on June 4, which has increased to Rs 7,67,561.25 crore. This means that the market capitalisation has increased by Rs 75,725.34 crore in a month.
  8. The market capitalisation of the country’s largest insurance company LIC stood at Rs 5,85,536.66 crore after market close on June 4, which has increased to Rs 6,42,524.89 crore. This means that the market capitalisation has increased by Rs 56,988.23 crore in a month.
  9. The market capitalisation of ITC, which is among the largest companies in the country, stood at Rs 5,18,615.33 crore after market close on June 4, which has increased to Rs 5,41,399.95 crore. This means that the market capitalisation has increased by Rs 22,784.62 crore in a month.
  10. The market capitalisation of the country’s largest company stood at Rs 5,86,504.97 crore after market close on June 4, which has increased to Rs 5,98,487.89 crore. This means that the market capitalisation has increased by Rs 11,982.92 crore in a month.
Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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