Investors’ assets increased by Rs 90,82,057.95 crore in the financial year 2020-21, due to the rise in the price of shares in the domestic stock market. During this period, the BSE 30 Sensex, considered a barometer of the stock market, grew by 68 percent. During this unprecedented boom, the Sensex gained 20,040.66 points or 68 percent. Despite various disruptions and uncertainties in the domestic and external economic world due to the Kovid-19 epidemic, the local stock market has been in tremendous boom. Market analysts term the year 2020-21 as a volatile phase not only for Indian markets but also for equity indices globally. Initially, the local market was in decline during this period. In the second half of the financial year, the market has returned again and investors have benefited immensely.
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In FY 2020-21, the total valuation of BSE listed companies on the basis of share price increased by Rs 90,82,057.95 crore to Rs 2,04,30,814.54 crore. On March 3 this year, the market value of BSE-listed companies reached an all-time high of Rs 2,10,22,227.13 crore. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said, “The enthusiasm of bulls increased with the progressive removal of public sanctions applicable to the prevention of Kovid and the economy returning. The discovery of vaccines and the hope that aroused it gave further impetus to the bulls. Globally, markets saw a sharp rise in November. Investment of foreign portfolio investors (FPIs) in emerging markets was flooded. “The BSE 30 Sensex closed 627.43 points or 1.25 percent down at 49,509.15 points on the last day of the financial year 2020-21 on Wednesday. Investors saw a wide range of ups and downs in the year 2020-21. The Sensex Nerikord touched a high in this financial year. For the first time on February 3, the BSE 30 index closed above 50,000 points. This boom was inspired by the enthusiasm created by the Union Budget. It closed above the 51,000 mark on February 8.
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The index went higher by 52,000 points for the first time on 15 February. Many of the initial public offerings brought during the financial year received substantial subscription from the shares held for sale. Such stocks also include MTAR Technologies, Burger King India and Mrs. Border Food Specialties, which have improved the market sentiment. Reliance Industries is the most valuable company in the country with a market capitalization of Rs 12,69,917.01 crore, followed by Tata Consultancy Services with a market capitalization of Rs 11,75,410.56 crore, HDFC Bank Rs 8,23,360.73 crore, Infosys Rs 5,82,751.89 crore and Hindustan Unilever has a market capitalization of Rs 5,71,132.95 crore. Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, “With the financial year coming to an end, investors will now focus on the upcoming quarterly results, which will start in mid-April. There is concern over the second wave of fast-moving Kovid-19 in India and there is a possibility of a possible lockdown. ” He said, “Overall, the market is likely to be planned in the market for some time, awaiting fresh positive market catalysts.”
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