Stock Market Return: The month of Diwali has been a great one for those investing in the stock market. This month, the market has filled the pockets of investors before Diwali and has given them good returns for Diwali shopping. Every trading day in November saw a rally in the stock market. Since November 2, the market continues to boom and today in the same sequence, on November 9, the Sensex and Nifty set their new records. On the basis of weekly fast, some stocks are up 27 per cent. That is, in just one week, investors got Rs 1.27 lakh for every 1 lakh investment.
Up to 27% return in 1 week
Talking about the last one week, investors have received up to 27 per cent returns in some stocks. These include… ..
IndusInd Bank: 27 percent
Shriram Transport: 20%
Bajaj Finance: 17 percent
Bandhan Bank: 16 percent
ICICI Bank: 16 per cent
State Bank of India: 15 percent
IIFL Finance: 14.5%
City Union Bank: 14%
Bajaj Finserv: 13.7 percent
Freeze Dough Industries: 13.5%
DCB Bank: 13.5%
PVR: 13 percent
Axis Bank: 13 percent
Interglobal Aviation: 12.7%
Motherson Sumi: 12.5%
8 lakh crores wealth increased in 6 days
This rally continues in the market from 2 November. Between November 2 and November 9 is the sixth day for all trading. Meanwhile, the market cap of BSE listed companies has increased by about 8.3 lakh crores. On November 2, it was Rs 1,57,18,574.96 crore, which has increased to Rs 1,65,45,014 crore in today’s boom. That is, meanwhile, investors have earned 8.3 lakh crores.
Reason behind the boom
Election rally in the US: The rally in the stock markets continues amid the Presidential election in America. The US market has seen a boom since 3 days. Although the indexes were mixed on Friday, today the Dow futures are showing gains again. Due to a good rally in the US market, worldwide markets were rising.
Banks, financiers, metal and IT boom: For the last 5 days, there is a good performance of the green sector in the stock market for 3 to 4 days. Apart from bank, financial shares, metal and IT stocks have seen a great boom. Even today, the bank and financial index look stronger than 1.5 percent. IT has also strengthened by more than 1 percent.
Rally in heavy stock: In November, there has been a good rise in the heavy stocks. As of today, ICICI Bank, Infosys, HCL Tech, HUL, Axis Bank, HDFC Bank, Tech Mahindra, PowerGrid, Bharti Airtel and Asian Paints are fast.
FII increased shopping: Foreign institutional investors are looking bullish on the market. They are constantly shopping in the market. They have been net buyers on every business day in November. Till Friday in November, he made a net purchase of more than 8,500 crores.