The stock market has given investors a good return despite various constraints during the current financial year. The BSE Sensex has gained more than 66 per cent since the Kovid-19 crisis and its impact on the economy.
Market analysts call FY 2020-21 the year of rapid fluctuation. This situation was found not only in the Indian market but also in the stock markets around the world. BSE Sensex recovered by 19.540.01 points or 66.30 points in the current financial year. Given the volatility in the current financial year, this boom in the market is important enough. The BSE Sensex reached 27,500.79 points on April 3 last year. But then it accelerated, and on February 16, 2021, reached an all-time high of 52,516.76.
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VK Vijay Kumar, chief investment strategist at Geojit Financial Services, said the stock market was “accelerating as the lockdown constraints loosened and the economy was back on track.” The confidence boosted by the invention of the vaccines further boosted the market. Globally, stock markets accelerated in November. Foreign Investors (FPIs) frequently invest in emerging markets.
There are many such instances when the Sensex reaches record levels in the current financial year. This financial year ends March 31. This included two business days left. The main index was above the 50,000 mark for the first time on February 3. The market accelerated mainly due to enthusiasm over budgetary provisions. This is higher than the 51,000 mark on February 8.
On February 15, the Sensex closed above the 52,000 mark for the first time. According to Vijayakumar, “The central budget of 2021-22 has been quite significant. Major reforms such as privatization have boosted market sentiment. Revival in the market.
He said, “Again, both the government and the RBI have taken steps to track the economic and macroeconomic factors. Moreover, the introduction of a favorable global market and vaccination campaign has boosted the market.
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Vijaykumar said, “Now the main concern is the second wave of India’s Kovid cases, the third boom in some parts of Europe. However, it is not expected to be as effective.
As for next time, the market is expected to remain bullish as the US Federal Reserve is committed to keeping interest rates close to zero by 2023, he said. According to Mishra, perception has already affected the market. However, we do not see a panic situation in the market. This is because investors know that the government’s emphasis is on getting the economy back on track. The vaccination campaign will accelerate in the coming time, which will further reduce stress. ‘