The domestic stock market recorded strong gains on Friday. The Sensex-Nifty reached record levels in line with positive global cues. The Bombay Stock Exchange’s leading index Sensex crossed the 45000 mark for the first time in history. Foreign funds continued to invest in the domestic market. The Sensex gained 380.68 points (0.85 per cent) to reach the level of 45013.33 after day trading. Talking about the Nifty, it closed at a record level of 13239.10.
- The Sensex took eight months to reach the 41,000 to 42,000 level.
- At the same time, the index completed the figure of 44,000 to 45,000 in just 11 days.
- After reaching 35,000 on 26 June, it reached 45,000 in 113 trading sessions.
- From the year 2018 till now, the market capitalization of BSE increased by Rs 19 lakh crore and reached a record Rs 179 lakh crore.
- During this period, foreign funds infused Rs 1.9 lakh crore in equities.
This strong boom in the market increased the wealth of investors. The market capitalization of BSE reached Rs 179 lakh crore during this period. Apart from international factors, the market was also reeling from the decisions taken in the meeting of the Reserve Bank of India (RBI) monetary policy committee. According to BSE data, foreign funds made net purchases of Rs 2,970 crore. The market was affected by positive news of the Corona virus vaccine.
The next few months are very important for the economy. The RBI has kept the repo rate stable but the central bank has raised its GDP growth forecast to 0.10 per cent for the next quarter. Inflation based on the consumer price index is expected to be 6.8 per cent in the third quarter and 5.8 per cent in the fourth quarter.
The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. After this, as the corona virus epidemic spread, the global market exploded, which also had an impact in the domestic market. In India, when the number of infected was increasing rapidly, the Sensex was at 25,640 on 24 March 2020. However, there was a rapid recovery in the market after this. But according to analysts, further market volatility will continue. Hence investors should be cautious.
Tech companies were the most profitable
Tech companies have been the highest profit since January 2018. Looking at the sectoral index, IT grew by 83 percent and energy by 41 percent. Utility, telecom and metal were down by 21 per cent, 25 per cent and 29 per cent respectively.
Foreign portfolio investors increased interest
Foreign portfolio investors (FPIs) also grew in interest in November. FPIs remained net investors in Indian markets for the second consecutive month. FPI has netted Rs 62,951 crore in Indian markets in November. During this time FPI has made a record investment in the stock markets. According to depository data, FPI has invested a net Rs 60,358 crore in shares in November. At the same time, his net investment in the debt or bond market has been Rs 2,593 crore.
Priority given to investment in emerging markets
Harsh Jain, GRO co-founder and Chief Operating Officer (COO), said that global investors are prioritizing investment in emerging markets over developed markets. This is because they are more likely to benefit in emerging markets. Jain said, ‘FPI has invested in some big companies in India. Most of his investment has come in the banking sector. So their investment flow is concentrated in a few stocks.
The domestic stock market recorded strong gains on Friday. The Sensex-Nifty reached record levels in line with positive global cues. The Bombay Stock Exchange’s leading index Sensex crossed the 45000 mark for the first time in history. Foreign funds continued to invest in the domestic market. The Sensex gained 380.68 points (0.85 per cent) to reach the level of 45013.33 after day trading. Talking about the Nifty, it closed at a record level of 13239.10.
- The Sensex took eight months to reach the 41,000 to 42,000 level.
- At the same time, the index completed the figure of 44,000 to 45,000 in just 11 days.
- After reaching 35,000 on 26 June, it reached 45,000 in 113 trading sessions.
- From the year 2018 till now, the market capitalization of BSE increased by Rs 19 lakh crore and reached a record Rs 179 lakh crore.
- During this period, foreign funds infused Rs 1.9 lakh crore in equities.
This strong boom in the market increased the wealth of investors. The market capitalization of BSE reached Rs 179 lakh crore during this period. Apart from international factors, the market was also reeling from the decisions taken in the meeting of the Reserve Bank of India (RBI) monetary policy committee. According to BSE data, foreign funds made net purchases of Rs 2,970 crore. The market was affected by positive news of the Corona virus vaccine.
The next few months are very important for the economy. The RBI has kept the repo rate stable but the central bank has raised its GDP growth forecast to 0.10 per cent for the next quarter. Inflation based on the consumer price index is expected to be 6.8 per cent in the third quarter and 5.8 per cent in the fourth quarter.
The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. After this, as the corona virus epidemic spread, the global market exploded, which also had an impact in the domestic market. In India, when the number of infected was increasing rapidly, the Sensex was at 25,640 on 24 March 2020. However, there was a rapid recovery in the market after this. But according to analysts, further market volatility will continue. Hence investors should be cautious.
Tech companies were the most profitable
Tech companies have been the highest profit since January 2018. Looking at the sectoral index, IT grew by 83 percent and energy by 41 percent. Utility, telecom and metal were down by 21 per cent, 25 per cent and 29 per cent respectively.
Foreign portfolio investors increased interest
Foreign portfolio investors (FPIs) also grew in interest in November. FPIs remained net investors in Indian markets for the second consecutive month. FPI has netted Rs 62,951 crore in Indian markets in November. During this time FPI has made a record investment in the stock markets. According to depository data, FPI has invested a net Rs 60,358 crore in shares in November. At the same time, his net investment in the debt or bond market has been Rs 2,593 crore.
Priority given to investment in emerging markets
Harsh Jain, GRO co-founder and Chief Operating Officer (COO), said that global investors are prioritizing investment in emerging markets over developed markets. This is because they are more likely to benefit in emerging markets. Jain said, ‘FPI has invested in some big companies in India. Most of his investment has come in the banking sector. So their investment flow is concentrated in a few stocks.
