Beyond 50K: Biden, Budget to power markets bull run further
By
Rohit Vaid ( IANS) |
Published on
Thu, Jan 21 2021 18:33 IST |
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Mumbai, Jan 21 : The bull run in India s equity market will last at least till the Union Budget FY22, even as the barometer index S&P BSE Sensex mounted the 50,000-level mark.
Accordingly, the Union Budget FY22 is widely expected to be expansionary in terms of massive stimulus spending to aide the economy s faster recovery.
Even positive global cues such as a massive stimulus plan being proposed by the new US administration under President Joe Biden and the ongoing global vaccination programme are seen as solid signs by investors to hold on to their current positions.
Covid trigger for BSE Sensex s biggest bull run
By IANS |
Published on
Thu, Jan 21 2021 13:51 IST |
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Rupee. (File Photo: IANS). Image Source: IANS News
New Delhi, Jan 21 : In a perverse kind of way, the Coronavirus pandemic may be the best thing that happened to the Indian stock markets leading to one of the biggest bull runs in recent history with the BSE Sensex scaling 50,000 points mark and doubling from the lows just a few months back in March of 2020.
As convoluted as it sounds but the BSE Sensex has created one of the biggest wealth creation in history for institutional and retail investors within months because of the low created by the coronavirus pandemic.
Sensex recovers 95% to hit 50,000; mid-cap and small cap stocks shine
This ride to extremes was driven by strong global cues, gush of liquidity in the markets and increased investor participation. Around 12 million new investor demat accounts were opened in the year 2020, the highest in at least 5 years
Niti Kiran | January 21, 2021 | Updated 14:10 IST
Foreign institutional investors have pumped in Rs 20,236 crore in equities in January so far
The market barometer finally crossed the 50,000-point psychological mark in the opening session today. The 30-scrip blue chip index made a brilliant comeback, rising over 95 per cent from its March lows. However, its mid-cap and small cap counterparts were over the hump rising over 100 per cent since then. This ride to the extremes was driven by strong global cues, gush of liquidity in the markets and increased investor participation. Around 12 million new investor demat accounts were opened in the year 2020, the highest in at least 5 year
Sensex@50K! Don’t fear the dip, have faith in Indian story: Experts
What a journey it has been for the benchmark index from 100 mark as on April 1979 to 50,000 mark in Jan 2021, which amounts to a compounded annual returns of just shy of 15.5% over the period of last 43 years. January 21, 2021 / 12:08 PM IST
Positive global cues, as well as strong results from India Inc in the December quarter, helped Sensex climb Mount 50K with ease on Thursday while Nifty50 also broke above 14700 levels for the first time.
The S&P BSE Sensex has almost doubled from the lows of 25,638 recorded back in March 2020. The average market capitalisation of BSE-listed companies has now swollen to 198 lakh crore (Intraday) as on 21 January.