Presently, India stock market looks to be on the flying mode with market breaking one record after the other. Today, Indian stock market touched the 20,000 mark for the first time during the daily trade and finally closed at 19,977 with 734 pinots jump. This is really a great achievement by the Indian stock market in small time. The main reason behind this push in the stock market is believed to the good support from the foreign investors, as during the period of10000 marks to 20,000 marks jump FIIs have invested whooping $ 26 billion in Indian stock market. Therefore stock market which was at 10,000 points on 6 Feb, 2006 crossed 20,000 points, a jump of 10000 points, in just one year and six months.
Moreover, further today’s increase in the stock market has also shown that most of the foreign investors have taken positively the recent moves by the Sebi on the regulation of FII money follow in India. Indian mutual funds have also remained second major supporter behind these fast jumps taken by the stock market from 10,000 points to 20,000 points. In simple words, we can say that FIIs and MFs are major contributors behind this huge success of the stock market. Indian stock market crossed 1000 points for the first time in 23, July 1990 and now after 17 years stock market has grown by 20 times.
After the Sebi’s announcement on P-notes and foreign direct investment, there were certain apprehensions that fast growth in market will stop for some time, however, today market reacted very positively to these announcements which indicates that foreign investors have lot of trust on the growth story of India. After the today’s unexpected growth, mostly of the experts are forced to change their predictions about the market. Earlier, it was believed that market will remain between 19000 to 21000 points during this year.
However, fresh analyses points towards market crossing 23000 points during this year. Indian stock market looks eager to take more jumps and we can hope to see new records being made by the market in near future. However, the worrying sign is high share of the foreign investors in the stock market and therefore, any major profit booking be the FIIs can create panic in the India market. In future, there are not many chances of FIIs taking their money off from the India stock market because the growth story of India is still on.
Also read-1) Why India stock market is down?
2)Indian stock market and terror funding
3)Indian Stock market saw highest gain in Single day
4)Mukesh Ambani is now world's Richest Person
5)Indian stock market crashing 1000 points in two days
6)Indian stock Market crossing 18000 points, what is next?
7)Mukesh Ambani is now Richest Indian in World
8) India Stock Market- BSE at 17000 and NSE at 5000
9) Indian Stock Market Reached 13000 mark
10)Live NSE and BSE
Below, I am going to share few free websites which are offering free social networking solutions to people. With the help of these websites,...
From the last few days, I am asking this question to myself that has terrorism is trying to come back in Punjab because of many incidents...
From next year, it will become optional for CBSC tenth class students to give 10th board exams or not because board exam system will be repl...
When you start living a busy city life, then you soon come to know about many of its disadvantages. I recently shifted to an apartment buld...
Former Indian President Dr APJ Abdul Kalam is leaving behind a great legacy of true Indian, who is committed for the cause of his nation ...
As per latest news from Sky News, it looks that Football world cup 2010 fever is hit hard by recession because still 280 thousands tickets f...
“Wings of Fire” is an autobiography of former President of India and an eminent scientist Shri A P J Abdul Kalam. It is very important for ...
I just hear a shocking news on many news channels that former Indian President APJ Abdul Kalam Dies at 84. He was one of the most popular...
By restricting quota of subsidized gas cylinders to only six, center government has left no option in front of common Indians except buyi...
1)We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your...