In the fiscal year 2021-22, investors' wealth surged by about Rs 59.75 lakh crore, owing to a generally positive trend in domestic stocks, with the benchmark index Sensex rising over 18% over the period. Despite significant headwinds in the second half of the current fiscal year, the Sensex ended the fiscal year with a gain of 9,059.36 points, or 18.29%.
Despite concerns about geopolitical tensions, inflation, and FII selling, the market capitalization of BSE-listed companies surged by Rs 59,75,686.84 crore to Rs 2,64,06,501.38 crore in the fiscal year 2021-22. "Positive optimism persisted for the most of the year, owing to a solid economic and earnings rebound fueled by the easing of COVID waves. "However, due to geopolitical tensions and inflation fears, equities markets lost their lustre in the fourth quarter, particularly in developed economies. Nonetheless, the markets had a strong year and ended the year with healthy gains in FY22 "Researchers looked into it.
On January 17, this year, the market capitalization of BSE-listed companies reached an all-time high of nearly Rs 280 lakh crore. Analysts say that loosening of restrictions, aggressive vaccination campaigns, and less severe COVID waves have all helped to calm fears about the pandemic. "Furthermore, the government and central bank's strong support for economic growth (low interest rates and enough liquidity) pushed markets higher.
Centre extends Stock limits on edible oils and oilseeds until Dec 31
India Ratings has lowered its GDP growth forecast for FY23 to 7-7.2 pc
Exports of Agri products rose by 25pc in first ten months of FY22: Govt