This week the stock market (Stock Market) remained a relief, investors made a lot of money. Positive cues from overseas markets and strength in domestic cues have boosted investor confidence in the market and this week investors (Investors) has earned a lot. Sensex and Nifty gained over 4 percent each during the week, taking BSE’s total market cap to Rs. 9 lakh crores has crossed. During this week there are more than 100 stocks where investors got more return than one year FD in one week. These stocks have gained more than 10 percent in the week.
How was business during the week?
Due to market surge during this week, the total investment value of the investors was Rs. There has been an increase of more than 9 lakh crores. In the week ended Friday, the total market capitalization of all BSE-listed companies rose to Rs. 261.08 lakh crore which was Rs. 251.95 lakh crore was. At the same time, Sensex closed up 2311 points or 4.29 percent and Nifty up 670 points or 4.17 percent during the week.
The highest growth in this sector was in the banking sector. During the week, the public sector banks index rose by 7.7 percent and the banking sector index by 6 percent. The Nifty IT index rose 6.3 percent and the metal sector index rose 5.4 percent. The broad market saw all-round buying and the midcap, smallcap and largecap indices rose between 3.5 to 4 per cent.
Investors made big money
According to Moneycontrol news, there are more than 100 smallcap stocks during the week where investors have gained more than 10 percent in just one week. During the week, PTC Industries gained about 33 percent, Navkar Corporation about 29 percent, Sandur Manganese and Iron Ore 28 percent, Quick Heal Technologies 27 percent, Brightcom Group 26 percent and Igarashi Motors over 25 percent.
There are a total of 17 smallcap stocks where investors have returned more than 20 percent in a week. Many growth stocks are also part of BSE 500. If we take only BSE 500 stocks, there are about 50 stocks in which investors have earned more than 10 percent in a week.
Why did the stock market soar?
Several factors have been responsible for this week’s rise. The most important reason for this is the return of foreign investors to India. Foreign investors this week invested Rs. Purchased more than 4,000 crores. At the same time, domestic investors invested around Rs. 1000 crore has been purchased. The selling trend of foreign investors in July can be seen from the fact that despite this week’s buying, foreign investors have sold shares worth Rs 6421 crore so far in July. However, on the other hand, local investors have bought shares worth Rs.8300 crore. Apart from this, several factors like quarterly results of companies, good monsoon, softening of crude oil prices have also seen buying in the market.
. Source