Stock market Rally: The storm continues in the stock market.
Stock market Rally: The storm continues in the stock market. Since November, the stock market is continuously making new highs. In the same sequence, on December 9, the Sensex has crossed the 46000 mark. After touching the level of 40 thousand back in November, the Sensex has achieved a new status of 45000 and then 46000 in December. The market has gained 6500 points in the last 30 trading days. In this stormy boom, the wealth of investors has increased by close to 25 lakh crores. In the market boom, while there was a great rally in Diggas shares, Midcap and Smallcap have also made good earnings.
Sensex 16 strong in 30 days
Talking about the last 30 trading days, the Sensex has gained more than 16 percent from 30 October to 9 November. During this period, the index rose from 39614 to 46164 level. The Nifty also gained more than 15 per cent and crossed the 13500 level.
During this time, the BSE Midcap index has gained more than 18 percent. The midcap index was at 14905 on 30 October, while it reached 17615 on 9 November.
The BSE Smallcap Index also rose 18 per cent in 30 days and during this period it rose from 14888 to 17600 level.
25 lakh crore increased wealth of investors
Talking about the last 30 days, the month of November and December is going to be a great time for the investors of the stock market. During this time, the market cap of listed companies on BSE has increased by more than 25 lakh crores. The market cap of BSE listed companies on October 30 was Rs 1,57,92,249.91 crore. It increased to around Rs 1,82,77,535.66 crore on 9 December. That is, during the 30 trading days, the wealth of investors increased by more than 25 lakh crores.
Reason for market boom
Currently, the market sentiments are looking strong at the domestic level. Macro environment has been improved. COVID 19 vaccine is expected to hit the market soon, which has increased the enthusiasm of investors. Global rating agencies are now giving better estimates of growth in the economy. The trust of foreign investors remains on the Indian market, so there is no lack of liquidity. At the same time, the expectation of early use of Corona vaccine has increased in India. The interest rate is at lower levels. Demand is now coming in the market. Rural sentiments are also good. The best thing is that growth has started in the earnings of companies.
1 month top gainers
SpiceJet: 88%
Wockhardt: 76%
Wakrangi: 70%
J&K Bank: 63%
NCC: 62%
Lemon Tree Hotel: 61%
Equitas Holding: 61%
Tata Chemical: 60%
Graphite India: 54%
Ashok Buildcon: 51%
Adani Gas: 48%
Indian Bank: 46%
Source: www.financialexpress.com