These days the number of people investing in the stock market has increased. Due to the rise in the market, the Sensex has gained about 2,973.56 points. This has increased the capital of the investors.
The rise in the stock market
Despite the ups and downs in the Indian economy during the Corona period, investors’ confidence remained intact in the stock market. Due to which the 30-share BSE Sensex has seen a rise of 6 percent in this financial year, that is, it has gained about 2,973.56 points. Due to which the investors became rich. According to the data, in the first three months of the current financial year, investors have earned crores from the stock market, which has increased their wealth by Rs 25,46,954.71 crore.
record set in June
The BSE Sensex reached its highest level in June. On June 28, the Sensex had reached 53,126.73. At the same time, on June 25, it closed at a record mark of 52,925.04. The capital of companies listed on BSE had reached its highest level of Rs 2,31,58,316.92 crore on June 15 this year. At the same time, on May 24, there was an increase of $ 3,000 billion (about Rs 220 lakh crore) in the capital of the companies. In the entire financial year 2020-21, the market capitalization of these companies has increased by Rs 90,82,057.95 crore to Rs 2,04,30,814.54 crore.
Reasons for investor interest in the stock market
During February and March 2021, 44.7 lakh new retail investors have joined the stock market. The number of individual investors has increased to 142 lakh in the financial year 2021. NSE data shows that the total turnover on the stock exchange has increased from 39 per cent in March 2020 to 45 per cent. After the corona virus epidemic and the lockdown due to it, people have increased savings in the first quarter of the financial year 2021. Investment in the stock market has increased due to continuous reduction in interest rates for small savings schemes and increase in global liquidity.
good opportunity to invest in gold
According to commodity experts, gold will become expensive after July. Right now the decline in this is temporary, investors need not panic because of this. Gold investors should see this fall as a buying opportunity. After the trend reversal, gold can reach 48,500 per 10 grams in a month. Right now gold is running 10 thousand rupees cheaper than its highest level, so this time is best for investment.
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