Between 26 May 2014 and 5 February 2021, there is a gap of 2465 days. In terms of BSE data, the market cap rose by Rs 11589622.88 crore during this period.
Prime Minister Narendra Modi took power for the first time in 2014. Since then, many reforms have taken place in the country. Many historical decisions were taken from the country to foreign policy. During this period, many such decisions were taken, including 370, demonetisation, Ram temple, which made this government historic. At the same time, on the economy front, due to the corona epidemic, there was a lull, but despite that, investors earned fiercely from the stock market and gold.
If you talk about the stock market, after the past Corona, the market made a fast recovery and created new history. At the same time, there is a continuous trend in the market since the budget. Including both the terms of the Modi government, so far, investors have earned an average of Rs 4700 crore daily from the market.
This is how the market cap increased
The stock market continues to attain new heights. On 5 February, the market cap of BSE has reached Rs 20110439.51 crore. Whereas on 26 May 2014, the day the Modi government took power, the market cap of BSE was 85,20,816.63 rupees. That is, during this time, the market cap of BSE has increased by 11589622.88 crores.
11589622.88 crores in 2465 days
Between 26 May 2014 and 5 February 2021, there is a gap of 2465 days. In terms of BSE data, the market cap rose by Rs 11589622.88 crore during this period. If you look at it by day, then it sits at around Rs 4700 crore daily. Meaning that in the first term and second term of the Modi government, investors have earned 4700 crores daily from the market so far.
Speed continues from budget day
This was about the tenure of the Modi government. At the same time, there has been a steady rise in the stock market since the budget. On February 5, ie yesterday, the market created a new history and crossed the market cap of 2 lakh crore for the first time. On the last trading day of the week i.e. even today, the market continues to boom. By the time the news is written, the BSE Sensex is seen trading at a level of 50802, up 188 points. While the NSE Nifty is also up by 47 points and remains at the level of 14943.
Effect of RBI’s decision
After the announcement of the decisions of the monthly monetary review policy of the Reserve Bank of India, the stock market of the country remained volatile on Friday, while earlier the market opened at historical highs with strong gains. The Sensex has crossed 51 thousand for the first time and the Nifty also touched a new high above 15,000. The Sensex was trading at 50,770.64, up 156.35 points or 0.38 per cent from the previous session. At the same time, the Nifty was trading at 14,913 with an increase of 17.55 i.e. 0.12 percent from the previous session.