stock market investors For Prime Minister Narendra Modi has proved lucky. This is because during the 9-year tenure of Prime Minister Modi, the investors investing in the stock market have earned about 20 lakh crores. You may ask how this earning has happened, then let me tell you that on May 26, 2014, when Modi became the Prime Minister of India for the first time, the Sensex was at the level of 24,716.88 and the Nifty 50 was at the level of 7,359.05. Sensex now crosses 62,500, while Nifty is eyeing 19,000 level. Due to this, there has been a big jump in the market capitalization (market cap) of the companies listed on BSE. Due to this, the investors have earned a lot. Let us tell you that the total market capitalization of the companies listed on BSE as on 26 May 2014 was Rs 85,20,816.63 crore. Whereas, the total market capitalization of BSE-listed firms as on May 26, 2023, increased to Rs 2,82,67,351.88 crore. In this way, Rs 1,97,46,535.25 crore has been earned.
Good governance increased investor confidence
Stock market experts say that the good governance of Prime Minister Modi has helped in taking the Indian market to new heights. The stability in the Indian market and the fast pace of the Indian economy have encouraged foreign investors to invest in the Indian market. As a result, FIIs infused net worth of $49.21 billion in Indian equities between 2014 and 2023. FIIs have been net sellers in only 2 years out of 9 years. Due to this, the market has reached new heights. Due to this, investors have earned bumper.
Nifty50 has gained 2.5 times since 2020
From March 2020, when the lockdown was imposed to contain the corona pandemic, there was a big fall in the market. However, after that the market rallied. Today Nifty has gained 2.5 times. Looking at the sectoral indices, the Nifty IT index has gained 219 per cent, while the Nifty Financial Services index has gained 213 per cent during the same period. The Nifty Private Bank Index has risen 196 per cent, the Nifty Bank Index 188 per cent and the Nifty FMCG Index 180 per cent in the nine years of the Modi government.
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