Poll fever grips D-Street: Nifty 50, Sensex post biggest 2-week gain in 5 months; Will the bull run sustain post-June 4?
₹2.11 lakh crore dividend payout to the government, marking the highest surplus transfer on record by the central bank. The surplus will be reflected in the government’s account for the financial year 2024-25, and is expected to help the government reduce its fiscal deficit and boost capital expenditure and global fiscal position.Heavyweight financials advanced 1.7 per cent during the week, posting the second straight weekly gain.
Top Nifty gainer HDFC Bank added 3.6 per cent in its best week since early April. The market capitalisation (mcap) of BSE-listed companies stood at ₹4,19,99,274.85 crore ($5.05 trillion).
The mcap of the NSE- listed firms stood at ₹416 lakh crore ($5.01 trillion).‘’Overall, the combination of favourable domestic developments and positive global cues has significantly lifted market sentiments, driving the benchmark indices to new heights,'' said “India is the shining beacon of stability, growth and resilience in the current global economic order. I am confident that we can soon cross USD 5 trillion economy by 2025 as envisioned by our Hon’ble Prime Minister Mr.
Narendra Modi."This is a landmark moment in the Indian capital market as the Sensex crossed all time high of 75,300, all the way up from 24000 when the Hon’ble Prime Minister took office. The record growth in investor wealth and stock market valuation is supported by strong economic fundamental and progressive government policies."The expert raised hope that the benchmark Sensex will cross Rs.
1 lakh crore in the near future if the government continues to improve ease of doing business to support manufacturing, trade, services and MSMEs.‘’Voter turnout and its impact on the election outcome is making the market nervous. The market is
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