Investors Wealth On Rise: The month of May is about to end. But the last two months have proved very auspicious for the investors of the Indian stock market. After March 20, 2023, the Indian stock market took a U-turn from the lower level and since then Diwali has come for the investors. In just two months, the wealth of investors has increased by Rs 27 lakh crore. During this period, both the major indexes Sensex and Nifty have seen tremendous jump from the lower levels.
On March 20, 2023, the BSE Sensex fell to the level of 57,000, while the Nifty of the National Stock Exchange fell down to the level of 16,828. But since then foreign investors have returned to the Indian market and in just two months the Sensex has gained 5500 points and the Nifty has gained about 1700 points. Due to the purchase of foreign and domestic institutional investors, the market capitalization of companies listed on BSE had come down to Rs 255.64 lakh crore. It has now increased to the level of Rs 282.67 lakh crore. Means there has been a jump of Rs 27 lakh crore in the wealth of the investors invested in the market during this period.
The biggest contributor to this boom in the market has been the twin stocks of Bajaj Group, Bajaj Finance and Bajaj Finserv. On March 20, the share of Bajaj Finance fell to Rs 5485, which is now trading at Rs 6905. That is, there has been a jump of 26 percent in the stock in two months. The share of Bajaj Finserv had fallen to Rs 1215. Which is now trading at Rs.1439. Means there has been a jump of 18 percent in Bajaj Finserv.
Shares of Reliance, the country’s largest private company, have also given amazing returns to the investors. The stock of Reliance had fallen down to the level of Rs 2180, which is now trading at Rs 2506. That is, the stock has given a return of 15 per cent to the investors. Several IT and railway stocks have also made investors rich during this period.
Read also
Get the more latest Business news updates