Business Desk, Amar Ujala, New Delhi
Published by: Dimple Aladhi
Updated Tue, 12 Oct 2021 11:20 AM IST
In March 2020, when the corona virus epidemic knocked in India, the stock market was in shambles, but now the Sensex is beyond 60 thousand. Talking about the top stock markets of the world, the US market is in the first place. It is followed by China, Japan, Hong Kong and the UK with the highest market capitalization.
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Market capitalization up 37 percent
According to Bloomberg, the market capitalization of the Indian stock market has increased by 37 percent to $34.6 trillion this year. At the same time, the market capitalization of Britain has increased by nine percent this year to $ 3.59 trillion. Roger Jones, Head of Equities at London & Capital Asset Management said that India’s stock market looks very attractive. The country is expected to grow rapidly. At the same time, the UK economy has been struggling since the results of the Brexit referendum.
Market up 130 percent since March 2020
In March 2020, when the corona virus epidemic knocked in India, the stock market was in shambles. But now the BSE Sensex has jumped 130 per cent since March last year. It has given an annual return of 15 per cent to investors in the last five years. At the same time, Britain’s benchmark FTSE 100 Index has given a return of six percent during this period.
The boom coming from these factors
If foreign investment (FDI) continues to increase in the same way, then by Diwali, the domestic market may again reach a record level. The fear of corona among investors also seems to be over due to vaccination. Apart from this, the market is booming these days due to the expectation of signs of growth in GDP. The market will soon reach new highs, influenced by positive signals from global markets, etc. The way the Indian stock market is booming, it is being speculated that it will also overtake the UK in terms of market capitalization.
Like the year 2020, this year too the IPO market is buzzing. Recently many companies introduced their IPO. The market has also increased this year due to the contribution of newly listed companies.