Ever since the festive season has started, there has been a tremendous rise in the stock market. If we talk about October only, a rise of about 3 percent has been seen in the stock market. The rise in the stock market before Diwali is a good sign for investors. There can be enthusiasm among investors regarding the stock market on the auspicious trading day. The special thing is that from Dussehra to Karva Chauth, stock market investors have earned more than Rs 11 lakh crore.
However, there is another main reason for the rise in the stock market. That is the return of foreign investors to the stock market, which has been seen through the entry of other IPOs apart from LG Electronics and Tata Capital. On the other hand, positive response is being seen from both sides regarding the trade deal with America. Besides, there has also been a softening in the American attitude towards India. Let us also tell you how stock market investors have benefited from Dussehra to Karva Chauth.
Tremendous rise in Sensex
Bombay Stock Exchange’s main index Sensex is witnessing a rise for the second consecutive day. If there was no decline in the stock market on October 8, then the Sensex would have seen a rise for the 7th consecutive day. However, in the month of October, Sensex has seen a rise of about 3 percent. If we look at the data, the Sensex was seen at 80,267.62 points on September 30. Which reached the day’s high on October 10 i.e. Karva Chauth with 82,627.58 points. This means that the Sensex has seen a rise of 2359.96 points during this period. At present, the Sensex is trading at 82,599.76 points with a rise of 427.66 points at 1:40 pm. However, this morning the Sensex opened with a slight fall at 82,075.45 points. Whereas a day earlier the Sensex had closed at 82,172.10 points.
Nifty also did wonders
On the other hand, the main index of National Stock Exchange, Nifty, has also done wonders. According to the data, Nifty has seen a rise of about 3 percent in the month of October. According to the data, Nifty closed at 24,611.10 points in the last trading of last month. Which came to 25,321.70 points during the trading session till October 10. This means that till now a rise of 710.6 points has been seen in Nifty. If we talk about the current time, Nifty is trading at 25,316.20 points with a rise of 135.30 points at 1:45 pm. If experts are to be believed, Nifty may see further rise in the coming days.
Investors benefited by Rs 11 lakh crore
However, investors have made big gains in the month of October. The profit and loss of investors is linked to the market cap of BSE. After the stock market closed on the last trading day of last month, the market cap of BSE was Rs 4,51,44,414.11 crore. Which appeared at Rs 4,62,57,593.48 crore during the trading session on October 10. A gain of Rs 11,13,179.37 crore has been seen in the valuation of BSE. This is also the income of stock market investors. Which may increase further till Diwali.