look news india
Ahmedabad: Indian stock market Vikram Samvat 2080 was fantastic. However, the last month of the year was very heavy and bad. Indian stock markets came down due to inflationary pressure burdened by global war situation and high valuations. Asso's last month started on October 3 and despite falling nearly 7% this month, Sensex-Nifty has returned over 25% year-to-date. Domestic institutional investors have faced heavy selling by foreign investors this month.
During Samvat 2080, DIIs i.e. domestic institutional investors invested a record amount of rupees in Indian equities. An investment of Rs 4.6 lakh crore has been made. This is their highest ever net annual investment in any Samvat. Despite low investment from foreign portfolio investors, strong domestic investment has balanced and strengthened the market.
During the year foreign investors invested Rs. Have invested. Contributed a net amount of approximately Rs 90,000 crore. Information technology, automobile, pharmaceutical, power and public sector enterprises sectors led the rally this year.
After the Corona epidemic, the interest of local retail investors towards the Indian stock market has increased significantly. Retail investors have adopted the new practice of making indirect and now direct investments through mutual funds every month or at fixed intervals. The Indian equity market reached new highs during Samvat 2080. Nifty 50 crossed the 26,000 mark for the first time and reached 26,277 in September 2024. Despite the recent fall of seven per cent, Nifty 50 and Sensex have still given returns of 25.3 per cent and 23.3 per cent respectively in the current year.
This was the best performance of Sensex-Nifty in Samvat 2077 after the Covid pandemic. That year, Nifty 50 and Sensex rose 40.2 percent and 37.6 percent, respectively. However, the important thing is that even in the year of Corona pandemic, local fund equity has seen an increase of Rs. 3.2 lakh crore was invested and this year Rs. Record breaking investment of Rs 4.6 lakh crore has been made.
The broader market has also performed well despite recent headwinds. Nifty Midcap 100 and Nifty Smallcap 100 indices shone in 2080 with gains of 36.8 per cent and 35.1 per cent respectively. Midcap and smallcap indices gained 32.7 per cent and 38.4 per cent in the last Samvat year, while their record performance after the Corona pandemic in Samvat 2077 was a record-breaking 70 per cent and 80 per cent rise respectively.
Noting the biggest returns this year, 48 companies in the Nifty 500 index, including Trent, Zomato, Dixon Technologies and PB Fintech, have more than doubled their share prices during Samvat 2080. Other outperformers include Rail Vikas Corporation, Cochin Shipyard and Mazagon Dock Shipbuilders.
According to market experts, despite any major war or other negative economic factors, the Indian stock market will be driven by retail investors. The process of investment through mutual funds will continue in Challan Samvat 2081 also. On the other hand, FPI selling is purely strategic and is likely to return to India soon.
