The Indian stock market is continuously growing, and has witnessed an all-time high levels recently amid heavy buying in IT stocks and a rally in the world markets.
With the fresh foreign fund inflows increasing, the optimism in the markets have gone up.
The Bombay Stock Exchange (BSE) has gained 129.91 points to reach a record of 85,966.03 in early trade. The National Stock Exchange (NSE) also went up 61.3 points to hit an all-time high of 26,277.35.
The BSE benchmark jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12 on Thursday. It reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
The development can be credited to the BJP-led NDA government progressive policies as the market started experiencing upward trend ever since Narendra Modi took over as Prime Minister in the summers of 2014.
In April this year, Sensex crossing the 75,000 points mark for the first time and the Nifty 50 touching a new record high of 22,700 mark for the first time was a historic milestone.
In May 2014, the Sensex crossed the 25,000 mark, and in January 2021, it crossed the 50,000 mark.
In India, according to a news report, investors’ wealth has increased nearly five times over the past ten years.
The Indian market as compared to other world markets, including that of the US and European countries, maintained upward trend despite the common challenges such as periodic recession at different points of time and Covid-19 pandemic during the past 10 years.
Indian market was able to maintain the upward trend as the number of domestic investor kept on going up with people from middle class families ramping up investment with whatever amount of money they could save to secure the future.