Investors neutralized the impact of the corona epidemic. The Indian stock market on Tuesday proved to be auspicious. Sensex and Nifty have broken all the old records. The benchmark Sensex jumped over 54,000 points to an all-time record of 53,823.36 points and the Nifty on the National Stock Exchange gained 245.60 points to 16130.75. Market boom Since February 2021, there have been some stocks such as JSW Energy, Mr Renuka Sugar and Gujarat Fluorochemicals, which have made investor money more than triple.
Top 10 stocks in terms of revenue
|The power of JSW||243|
|Mr. Renuka Sugar||240|
|Adani Total Gas||132|
|Jindal Stainless (Hisar)||130|
Returns: February, 2021 to the present
The reasons for the rise in the stock market
S Ranganathan, head of research at LKP Securities, said: “Bulls have increased Nifty by over 16,000 points in the back of good GST and export data. Domestic institutional investors invested Rs 280 billion in the first four months of the current fiscal. According to official data released after the market closed on Monday, overall exports have increased in the petroleum, engineering and gems and jewelery sectors in the wake of good growth.
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According to Ranganathan, it is clear that Nifty has gained mainly 16,000 levels from retail investors. Retail investors invested in the stock markets, while foreign institutional investors made about $ 95 billion from the market in the same period. “Major figures such as GST collection, auto sales and e-way bills are signaling a strong revival in July,” said Vinod Modi, head of strategy research at Reliance Securities. This is an indication of the company’s good financial results for the next quarter.