Last year, there was a lot of fluctuation in the market amid Corona virus epidemic.
Everyone’s eyes are on the Budget of 2021-22. The budget will provide direction for further journey of Sensex.
Market fluctuations last year
Last year, there was a lot of fluctuation in the market amid Corona virus epidemic. The 30-share BSE Sensex hit a one-year low of 25,638.9 on March 24. However, the Sensex went to record levels during the year ahead.
Market will remain in consolidation phase in second half“The market will be in consolidation phase in the second half of this calendar year,” said Rasmic Ojha, executive vice president and head of fundamental research, Kotak Securities. From the calendar year 2022, the journey to market will start again.
Surge between vaccine hopes
Market analysts say that there are a number of reasons for the market to reach record levels after the huge fall in March. The world’s central banks have poured significantly more cash into the global financial system. Apart from this, there has been a tremendous jump in the participation of retail investors in recent months amid the expectation of vaccine.
Also read- Modi government’s big decision, ban on TikTok and other Chinese apps will continue
Market capitalization of listed companies is Rs 194 lakh crore
Amid improving investor sentiment, the market capitalization of BSE listed companies is continuously setting new records and at this time it is Rs 194 lakh crore. The market capitalization of BSE listed companies crossed the Rs 100 lakh crore mark on 28 November 2014. Investors’ capital has increased by Rs 32.49 lakh crore in the last year ie 2020.
Hemang Jani, Head Equity Strategist, Motilal Oswal Financial Services, said, “Indian markets have been moving very fast in the last few months on the expectation of faster recovery after lockdown.” Apart from this, the perception remains strong due to positive global trend, steady flow of foreign institutional investors and better quarterly results of companies.