Share Market News / Who is showing magic in the market, investors got Rs 12 lakh crore

Share Market News: For the last decade, the country's economy has been gaining momentum on the strength of the stock market. At present, while India's GDP has reached the level of 4 trillion dollars, the total valuation of the stock market has crossed 5 trillion dollars. In the last four days, both Sensex and Nifty have registered a gain of more than 2%, which has increased the wealth of investors by about Rs 12 lakh crore. This rise not only reflects the enthusiasm of investors in the market, but also strengthens the confidence in the Indian economy.

All-round rise in Sensex

The Bombay Stock Exchange (BSE) flagship index Sensex has been closing with gains for four consecutive days. On June 3, the Sensex closed at 80,737.51, while on Monday it reached 82,445.21. That is, a total gain of 1707.7 points has been seen. On Monday, the Sensex also touched an intraday high of 82,669 points, which is an indication that the bullish trend in the market may continue.

Nifty reached its highest level in 11 months

The National Stock Exchange (NSE)'s flagship index Nifty was also not far behind. In the last four trading days, the Nifty has seen a gain of 2.28%. On June 3, the Nifty closed at 24,542.50 and on Monday it reached 25,103.20. This is the highest level in 11 months. Nifty also touched a high of 25,160.10 during the day. Experts believe that if this trend continues, the Nifty may soon break its old record.

Investors' wealth increased by 12 lakh crores

Investors have benefited tremendously from the boom in the stock market. The market capital of BSE was Rs 4,43,16,679.96 crore on June 3, which increased to Rs 4,55,06,501.75 crore on June 10. During this period, investors have received assets worth Rs 11,89,821.79 crore.

RBI policy behind the boom

The most important reason behind this strength of the stock market is the possible cut in the policy rates of the Reserve Bank of India (RBI). It was already being speculated in the market that RBI could bring softness in the monetary policy. In this expectation, strong buying was seen in banking stocks, which pulled the market up.

What do experts say?

Vinod Nair, Research Head, Geojit Financial Services, says that "Investors' confidence has increased due to the expectation of reduction in interest rates and CRR. In the coming time, cash flow and buying in midcap stocks may increase further."

According to Satish Chandra Aluri, analyst at Lemon Markets Desk, "Last week's RBI policy announcement has strengthened market sentiment. Buying was seen in all sectors except realty, due to which the market remained strong all around."