Market touches 30000 points
We have recently witnessed the markets touch a mark as high as 30,000.If we take a closer look at the markets we can rejoice the growth of the economy and the Market capitalization of the Indian stock exchanges from a very meager amount to an exchange with over 5500 companies listed and a total capitalization of $1.45 trillion.If we shed some light towards recent events which caused this phenomena i.e reaching the mark of 30,000, it could be attributed to the rise of power of B.J.P in Uttar Pradesh and other states which became the
If we shed some light towards recent events which caused this phenomena i.e reaching the mark of 30,000, it could be attributed to the rise of power of B.J.P in Uttar Pradesh and other states which became the battlefield for a warfare against B.J.P and other political powers, Due to this particular political status in the country it has been more than likely that it would be B.J.P who will regain power in the next term and there would be a stable government, which is a very positive news from an investor’s point of view.
The uptrend in Reliance Market Share Price:
The above reason would be one of the main reason for this huge uptrend but it was Reliance industries with its Jio which made this possible, The fact that Jio did not generate any revenue made no difference to the investors, The increasing market share together with the brand name of reliance made it move from 932-1450 in the span of just 5 months i.e a growth of 55.5% in the span of just 6 months.The resistance at the levels of 29,000 was shattered by reliance with the help of Maruthi Suzuki.
The future of Indian market shows a huge prospect it being the largest growing market in the whole world and having a very stable government.There might be a small amount of profit booking which would cause the markets to fall temporarily without any major changes in the world rest assured the markets might sustain at these levels for a considerable amount of time.