It is a matter of immense pride that, since 1875, BSE has acted as a catalyst to help create immense wealth to the tune of Rs 200 lakh crore amounting to $2.75 trillion. It is heartening to note BSE continues to remain the primary wealth creator of the nation. It is also good to note that no other developing country at the stage of India s development has a thriving capital market as compared to India, said Ashishkumar Chauhan, MD and CEO, BSE.
BSE has also become the world s ninth largest exchange in terms of listed companies market capitalisation, as on date, Chauhan added.
After The Bell: Sensex reclaims 50,000, what should investors do on Wednesday?
Traders & investors need to keep the last stop loss at 14100/48400. We need to be defensive as the market approaches previous highs and the focus should be on pharmaceuticals and FMCG stocks. February 02, 2021 / 05:23 PM IST
Bulls remained in control of D-Street for the second consecutive day in a row on February 2 pushing the S&P BSE Sensex above 50,000 while the Nifty50 also reclaimed 14700. Both indices witnessed profit-taking towards the close of the trade.
The S&P BSE Sensex rose 1197 points to 49,797 while the Nifty50 closed with gains of 366 points to 14,647. The NiftyBank hit a fresh record high of 34,652.
(Bloomberg) If history is a guide, the recent rough ride for Indian stocks will likely continue after Monday’s budget.The benchmark S&P BSE Sensex has climbed in the month following the budget day in only two of the past seven years since Prime Minister Narendra Modi came to power, while falling or staying rangebound on other occasions. Risks are compounded in 2021 given stretched valuations.“There are expectations that the government will keep aside fiscal prudence and open its pockets to spend more,” said Ajit Mishra, vice president of research at Mumbai-based Religare Broking Ltd. “Investors and businesses are pinning high hopes on the budget and any disappointment could lead to profit-taking.”The Sensex began 2021 on a strong footing after a blistering 25% advance last quarter thanks to record inflows from foreign investors even as data showed that India’s economy had plunged into recession. But there are signs the rally is peter
After The Bell: Investors wealth rises by over Rs 6 lakh crore, what should investors do after huge Budget Day rally?
Experts are of the view that the market entered the Budget day with caution but a pro-growth Budget and no new taxes fuelled a risk-on rally. February 01, 2021 / 05:42 PM IST
Finance Minister Nirmala Sitharaman delivered what she promised a Budget like never before . The Street responded with equal enthusiasm as the bulls pushed the S&P BSE Sensex higher by over 2,300 points, Nifty50 above 14,200 levels, and NiftyBank to a record high.
The market recorded the best Budget Day percentage gains in 2 decades.