It was a record-setting day for Indian markets 6th Jun 2014. The BSE Sensex and Nifty on Friday set a new record by surpassing the previous high of May 16 when the Narendra Modi-led BJP won an overwhelming mandate in elections. The stock market indices also closed at record highs. The Sensex today ended 376 points higher at 25,396 while Nifty closed at 7,583, up 109 points.
Indian markets are on a roll on hopes that the Modi-led government would take quick decision to put the economy back on track. The Nifty is up nearly 30 per cent since September 13, when Mr Modi was named as the BJP's prime ministerial candidate.
The first test of the government's intentions would be the budget, which is likely to be announced in early July. There are no visible near-term negatives. Investors are building portfolios ahead of the Union Budget, which would be the next big event.
Facts and Figures:
Stock Market in India averaged 6184.13 Index points from 1979 until 2014, reaching an all time high of 25396.46 Index points in June of 2014 and a record low of 113.28 Index points in December of 1979.
Indian markets are on a roll on hopes that the Modi-led government would take quick decision to put the economy back on track. The Nifty is up nearly 30 per cent since September 13, when Mr Modi was named as the BJP's prime ministerial candidate.
The first test of the government's intentions would be the budget, which is likely to be announced in early July. There are no visible near-term negatives. Investors are building portfolios ahead of the Union Budget, which would be the next big event.
Facts and Figures:
Stock Market in India averaged 6184.13 Index points from 1979 until 2014, reaching an all time high of 25396.46 Index points in June of 2014 and a record low of 113.28 Index points in December of 1979.
No comments:
Post a Comment