Investors Wealth On Rise: The new financial year 2023-24 has been very spectacular so far from domestic to foreign investors investing in the stock market. After March 20, 2023, the Indian stock market took a U-turn and since then till date the market has not looked back. In the last two and a half months, there has been a bumper jump in the wealth of stock market investors. Investors have added assets of more than Rs 33 lakh crore during this period.
Wednesday’s session was very special. Because the Sensex was successful in crossing the 63,000 level for the first time in 2023, the Nifty was also able to cross the 18,700 mark for the first time this year. Sensex is 440 from its lifetime high and Nifty is only 160 points away. And market experts believe that the way foreign investors are investing in the market, soon the market can cross these historical levels.
On March 20, 2023, the BSE Sensex fell to the level of 57,000, while the Nifty of the National Stock Exchange fell down to the level of 16,828. From these levels, there has been a jump of 6,000 points in Sensex and 1900 points in Nifty. Due to the purchase of foreign and domestic institutional investors, the market capitalization of companies listed on BSE which had come down to Rs 255.64 lakh crore as on March 20, 2023. It has now increased to the level of Rs 289.07 lakh crore. That is, during this period, the wealth of the investors invested in the market has increased by Rs 33.43 lakh crore.
The month of May has seen maximum investment from foreign investors. Foreign investors have invested Rs 27,856.48 crore in May. However, domestic investors have sold Rs 3306 crore. But on Wednesday, June 7, foreign investors have bought shares worth Rs 1383 crore, while domestic institutional investors have also made a net purchase of Rs 392 crore in the market.
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