Market: Record stock market rally gave huge profits to investors this year; 111 lakh crore assets increased
New Delhi| The record rise in the stock market has given huge profits to investors this year. From January to September, the capital of companies listed on Bombay Stock Exchange i.e. BSE has increased by Rs 110.57 lakh crore. On 27 September, it had reached a historic high of Rs 477.93 lakh crore.
According to the data, the capital of companies listed on BSE stood at Rs 474.86 lakh crore or $5.67 lakh crore till the end of September. During this period, Sensex gained 12,026 points. That is, a profit of 16.64 per cent has been achieved. The Sensex was at 72,271.94 earlier in the year, hitting an all-time high of 85,978 on September 27. According to analysts, the market remained bullish due to increase in domestic liquidity along with strengthening of the economy. Retail investors have invested good money especially in mutual funds. Indian equity markets reached record highs despite selling pressure from foreign institutional investors (FIIs).
Midcap and smallcap indices have performed better. Many stocks have given manifold benefits. The BSE Midcap index has risen by 12,645 points, or 34.32 per cent. The smallcap index has also risen sharply, by 14,777 points, or 34.62 per cent. This has made 2024 a better year for retail investors.
The positive thing for emerging markets like India has been the beginning of interest rate cuts in the US. This has boosted investor sentiment. Liquidity in risk assets has increased. Despite tension in the countries, crude oil prices remained low. This helped in reducing inflationary pressure.