Investors Wealth: Investors’ wealth increased by 13 lakh crores in one stroke

Market Cap of BSE Listed Companies : When most exit polls in their surveys once again talked about the formation of a government under the leadership of Narendra Modi, the market got excited (Rally in Stock Market). In today’s trading, the Sensex made a record high of 76739. The Sensex has gained more than 2600 points. Today, the Nifty touched a record level of 23339. In this boom in the market, the wealth of investors has increased a lot. Today, in one go, investors earned about 13 lakh crore rupees (Investors Wealth). Today, PSU stocks are seen to be the most excited. There is a huge rally in them.

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Market cap of BSE companies increased by 13 lakh crores

In today’s strong rally in the stock market, the market cap of BSE listed companies (BSE Stocks Market Cap) has increased by about Rs 13 lakh crore. On May 31, i.e. Friday, when the market closed, the market cap of BSE listed companies was Rs 4,12,12,881.14 crore. In today’s rally, it increased to Rs 4,25,23,074.31 crore.

sensex towards 77000

Santosh Meena, Head of Research, Swastika Investmart, says that Nifty and Sensex have reached record highs after positive exit polls. Much of this optimism is already visible at current market levels. If the exit poll results are confirmed by the actual election results, we may see further gains in the market. Nifty is currently moving towards 23,500 and Sensex may reach close to 77,000. In the near term, we may see consolidation in the range of 23,000 to 23,500 for Nifty.

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Despite this, the overall trend remains bullish, and after a period of consolidation, the Nifty is expected to cross the 24,000 level in the coming days. This is supported by attractive valuations in large-cap stocks and an expected increase in foreign institutional investor (FII) inflows into the Indian market after the election results.

Nifty 24500 by December 2024!

MK Investment Managers believes that if the NDA government returns, there will be continuity at the policy level and the market will get strong support. The market outlook is better. With 15 percent earning growth, Nifty can touch the level of 24500 by the end of December 2024. At the same time, by December 2025 i.e. in 18 months, it can reach the level of 26500.

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Signs of stability at the policy level

According to brokerage house Motilal Oswal, if a single party majority government comes to power, the economy and the capital market provide stability and continuity in policy-making with the government. Due to which it is expected that the government will continue to pursue its economic agenda. Equity markets recently showed some concern and nervousness about political uncertainty, resulting in increased volatility in April and May ’24. According to the brokerage, markets will breathe a sigh of relief after seeing clarity in the exit polls and fundamentals / business will return to normal. At present, the political stability and continuity in policy-making with the comeback of the Modi government will act as icing on the cake and will keep India the apple of everyone’s eye.