The index of 30 top stocks of BSE Sensex is building up on sight. On Friday (August 13, 2021), the Sensex reached 55,437. Sensex climbed 600 points on that day due to TCS and RIL. If you look at the recent performance of the Sensex, it has jumped 7700 in the last seven months itself. Such speed was never seen before. Especially when the economy has not been able to recover from the huge setback caused by COVID. Nifty is also at a new high of 16,529.
Market will rise further now, expect bumper profits
The Sensex has gained 7700 points or 16 per cent in the last seven months. Will the market continue to rise and throw more money on investors? This seems to be the case with the current trends. According to experts, there are many reasons for this. According to him, RBI is taking steps to accelerate growth at this time. Interest rates are cheap. The exchange rate is also stable. The investment of foreign investors is increasing continuously. Increasing investment by retail investors through mutual funds has benefited companies from almost all industries. Along with this, the response of investors to the IPOs of some good companies has also benefited the market a lot. Accelerating the pace of corona vaccination and loosening of the lockdown, increased business activities have helped in reducing the debts of companies. On Friday itself, TCS, RIL, HDFC Bank and Infosys alone accelerated the pace of the market. Half the momentum of the index was seen due to the shares of these companies.
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Shine is currently visible in all sectors
At present, about the brightness in the market, experts say that almost all the sectors are showing good hope due to the monetary policy of RBI and the expectation of better results for the companies. Therefore, the chances of a fall in the market in the coming days are very less. Both Nifty and Sensex are at all time high. In such a situation, the investors who are standing on the edge of the market are also entering it in the hope of profit. Apart from this, strong economic data of America and Britain has also played an important role in strengthening the Indian stock market.