The stock market was buzzing during the Corona period. The financial year 2020-21 was an excellent year in the history of the Indian stock market. The major sensory index Sensex rose 68 per cent during the financial year 2020-21.
Income From Share Market
Throughout the country, in the Corona period, many industries across the country went through a very bad phase. Thousands of people had to lose their jobs. At the same time, the financial year 2020-21 was very auspicious for those investing in the stock market. During this time, those who invested money in this market earned fiercely. Anyone who invested Rs 10,000 in Nifty got a profit of Rs 7100. After all, let’s all know how this happened.
Actually, the country’s stock market thrived during the Corona period. The financial year 2020-21 was an excellent year in the history of the Indian stock market. The major sensitive index Sensex rose 68 per cent during the financial year 2020-21, while the Nifty gained 71 per cent. The new fiscal year 2021-22 has also started with strong buying.
What do you know
Market experts say that in the new financial year, the domestic stock market will touch new highs and the key sensory indices may rise by more than 10 percent. The domestic stock market rose strongly in the past year with the hopes of Corona coming out of the havoc and economic activities around the world coming back on track.
Possibility of further acceleration
Director of Trade Swift, Sandeep Jain, told that the Nifty will be close to 16,000-16,500 in the current financial year and the Sensex will also be close to 55,000-56,000. He said that about 10 percent of the increase can be seen. The 30-share sensitive index Sensex of the Bombay Stock Exchange (BSE) closed at 49,509.15 in the last session of the financial year 2020-21, while the Sensex closed at 29,468 on 31 March 2020 a year earlier. Thus, during a year, the Sensex rose by 68 percent.
71 percent rise in a year
The Nifty, a sensitive index based on 50 stocks of the National Stock Exchange (NSE), closed at 14,690.70 on March 31, 2021, as against 8,597 on March 31, 2020, a year earlier. Thus, the Nifty gained 70.88 percent. The Nifty Bank Index has seen a jump of around 74 per cent during the last financial year. Talking about the BSE Midcap index, it grew by 90 percent during the financial year 2020-21, while the Smallcap index recorded a 115 percent jump.
These figures raised hopes
Sandeep Jain told that in the third quarter of the last financial year, the country’s GDP came out with good figures and in the last quarter is expected to get better figures, so the stock market can be seen to be strong in April and May. . He told that there can be a lot of performance in midcap and smallcap.
(With IANS input)
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