Share Market The current financial year 2023-24 has been a golden dream come true for investors. During this period, tremendous growth in the stock market has continued. Lakhs of investors investing in shares have benefited from this. Let us tell you that with the rise in the stock market, the wealth of investors has increased by Rs 128.77 lakh crore in the current financial year 2023-24. That means investors earned this much from April 1, 2023 to March 28, 2024. In this way, in the last 12 months, many stocks have made investors rich.
Due to this reason the market returned bullish
The market was supported by the strong fundamentals of the economy, increased capital inflows and better financial results of companies. The performance of the domestic stock market was weak in 2022-23. There has been a significant improvement in it in 2023-24. In the financial year 2023-24, BSE Sensex strengthened by 14,659.83 points or 24.85 percent. Whereas Nifty rose 4,967.15 points or 28.61 percent. On March 7, the benchmark index Sensex had reached an all-time high of 74,245.17. With this, the market capitalization of BSE listed companies increased by Rs 1,28,77,203.77 crore to reach Rs 3,86,97,099.77 crore in 2023-24.
Global factor also had no effect
Sunil Nyati, Managing Director, Swastika Investmart Ltd. said, “Amid inflationary concerns, rising interest rates and fears of an impending global recession, the country’s stock market showed remarkable strength throughout the financial year 2023-24. Even the shocks caused by ongoing global political tensions were short-lived. The strength in the market helped it overcome these challenges well.” On March 2 this year, the market capitalization of BSE-listed companies had reached an all-time high of Rs 394 lakh crore. BSE Sensex based on thirty shares closed at 73,651.35 points on Thursday, the last trading day of the current financial year, with a gain of 655.04 points or 0.90 percent.
Benefit from strength in Indian economy
He said, “The rise in the Indian stock market can be mainly attributed to the strong fundamentals of the Indian economy. Because of this the economy has been able to face global challenges. Expectations of continued political stability and the possibility of additional economic reforms are playing a key role in boosting the market. Moreover, it is believed that the interest is at its highest level and there is no possibility of increase in it now.
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