The Indian stock market has achieved a significant milestone, with the combined market value of BSE-listed companies reaching a record ₹460 lakh crore (about $5.5 trillion) on July 30, 2024. This is the highest market capitalization ever recorded for the BSE.
The Sensex, one of the major stock market indexes, hit a new all-time high of 81,908.43 on July 29. The Nifty 50 index nearly reached 25,000, with its highest point being 24,999.75 during the session. Both indexes have shown impressive gains this year: the Sensex has increased by 13%, while the Nifty 50 has risen by over 14%. The Nifty Midcap 150 and Nifty Smallcap 250 indexes have also surged by 27% each.
The strong performance of the stock market is driven by increased participation from retail investors and positive economic outlooks. Investors are optimistic about future economic growth and the possibility of lower interest rates in the US, which could further boost the market.
The number of investors registered with the BSE has reached nearly 18.4 crore, a 33% increase compared to last year. Every week, around 8 to 10 lakh new investors are entering the market. This growing interest is a clear sign that more people are becoming involved in the stock market.
Several factors are driving the growth of the BSE market value and investor participation. The Indian economy has been performing well recently, and the government has made it easier for people to invest in the stock market. These positive changes have encouraged more people to buy shares and get involved.
While the current trends are promising, it is important for investors to conduct thorough research before making any investment decisions. The stock market can be unpredictable, and even though the market is doing well now, it is crucial to understand the risks and opportunities. Researching and staying informed can help make better investment choices and manage potential risks effectively.