The way the election results were announced on 4th June and the reaction of the stock market was seen in the stock market. Everyone was expecting that both Sensex and Nifty will disappoint the investors in the current year. On 9th June Narendra Modi once again took oath as the Prime Minister. Since then the stock market has not looked back. From then till now the stock market investors have received 45 lakh crore rupees.
The shares of many companies have not only recovered from the fall of June 4 but have also gone much ahead. Stock market investors clearly say that the message to the stock market is clear that Narendra Modi becoming the PM and no change in any of the important ministries of the cabinet is that the government will work in the same way as it has been doing in the last 10 years. This is the reason why the enthusiasm of the stock market has increased even more.
You can guess the enthusiasm of the stock market from the fact that in the 100 days of Modi 3.0, the Sensex has given investors a return of about 9 percent. On the other hand, the National Stock Exchange’s major index Nifty has given investors a return of more than 9 percent. The special thing is that even though the market cap of the stock market may have increased a bit this year before these 100 days, investors have received less returns from Sensex and Nifty.
In such a situation, looking at the figures, it can be said that the stock market has completely assimilated Modi 3.0. Along with this, clear messages have also been received for the coming days that the stock market will earn a lot of money for investors even in this coalition government. Let us also tell you what kind of figures have been seen in the stock market in these 100 days?
Sensex and Nifty performance in 100 days
100 days have passed since the formation of Modi 3.0 government. In such a situation, the performance of the stock market cannot be called bad at all. Looking at the data during this period, the Sensex has given investors a return of about 9 percent. After the formation of the government, the Sensex closed at 76,490.08 points on June 10. On September 16, the Sensex reached 83,184.34 points during the trading session. During this period, an increase of 6,694.26 points has been seen in the Sensex. That is, the Sensex has given investors a return of 8.75 percent.
If we talk about the National Stock Exchange’s major index Nifty, it has given more returns than the Sensex. According to the data, it was seen at 23,259.20 points. On September 16, the Nifty reached the day’s high with 25,445.70 points during the trading session. This means that the Nifty has seen a rise of 2,186.5 points during this period. During this period, the Nifty has given investors a return of 9.40 percent, which is more than the Sensex.
How much return was given before 100 days
The stock market situation since June 10 may have been profitable, but it was less than the previous 100 days. From the beginning of this year till June 7, i.e. before the swearing-in ceremony, the Sensex has given less returns to investors than the subsequent 100 days. According to the data, the Sensex rose from 72,240.26 points after December 29 to 76,693.36 points by June 7.
This means that the Sensex jumped 4,453.1 points during this period, which shows an increase of 6.16 percent. If we talk about Nifty, here too the return is slightly less than these 100. On December 29, Nifty closed at 21,731.40 points. After that, till June 7, Nifty jumped 1,558.75 points and closed at 23290.15 points. This means that Nifty has given investors a return of 7.17 percent.
Investors earned 45 lakh crores
If we talk about the benefit of investors i.e. BSE market cap, then an increase of more than Rs 38 lakh crore has been seen during this period. According to the data, on June 10, the market cap of BSE was Rs 4,25,22,164.95 crore. Which has increased to Rs 4,70,09,547.18 crore on September 16. This means that there has been a profit of Rs 44,87,382.23 crore in the market cap of BSE.
If we talk about the period before that, even though the Sensex and Nifty saw less growth during that period as compared to these 100 days, the market cap saw a tremendous increase. On 29 December 2023, the market cap of BSE was Rs 3,64,28,846.25 crore, which increased to Rs 4,23,49,447.63 crore on 7 June. This means that investors got more than Rs 59 lakh crore during this period.
