INSUBCONTINENT EXCLUSIVE:
The Sensex has surged over 41 per cent in the first four years of the Modi government, making investors richer by Rs 72 lakh crore.
The
index has gained 10,207.99 points or 41.29 per cent, since the BJP-led NDA government came to power in May 2014
The BSE blue chip index hit an all-time high of 36,443.98 on January 29 this year.
The overall stock market has grown from little over Rs 75
lakh crore to more than Rs 147 lakh crore.
At close of trade today, the market capitalisation (m-cap)of BSE-listed companies stood at Rs
Stocks of about 2,784 companies are traded on the BSE.
"The four years of Modi government have been a roller coaster ride with its share of
The performance of the Modi government has been remarkable in terms of planning and execution of some policies whereas the macroeconomic
numbers aren't all that rosy," said Jimeet Modi, Founder CEO, SAMCO Securities StockNote.
The Sensex today ended the day with a gain of
261.76 points or 0.76 per cent at 34,924.87.
"The overall gain in the Sensex during the four years of the Modi government is only around 40
This is not very impressive return
The main reason for this mediocre performance has been the tepid earnings growth of the last four years
However, this is set to change with a smart pick up in earnings growth expected in FY 2019," said V K Vijayakumar, Chief Investment
Strategist, Geojit Financial Services Ltd.
"As the Modi government enters its last year in office the macroeconomic situation presents a
A major challenge has suddenly erupted in the form of spiralling crude
Crude at USD 80 can play spoilsport
If this high rate sustains, it will worsen our fiscal deficit and CAD leading to higher inflation and weakening rupee
This will be a greater threat to the government than the challenge from a 'united opposition'," Vijayakumar added.
TCS is the country's
most valued firm with a market capitalisation of Rs 6,87,123.96 crore, RIL (Rs 5,83,972.22 crore), HDFC Bank (Rs 5,22,420.61 crore), HUL (Rs
3,41,064.80 crore) and ITC (Rs 3,31,895.80 crore) in the top five list.
At the BSE today, 1,630 stocks advanced, while 1,004 declined and
150 remained unchanged.
A total of 23 stocks ended with gains led by ONGC, Tata Steel, YES Bank and IndusInd Bank
