Sensex jumped 2000 points in 4 sessions, investor wealth increased by Rs 10 lakh crore

Market capitalisation: The last four trading sessions have been great for the Indian stock market. In the last four trading sessions, the BSE Sensex has gained 2076 points. Sensex closed at 57613 on 28 March 2023. But after that the session has reached the level of 59,689 in four trading sessions. And is on the verge of touching the figure of 60,000. The Nifty closed at 16,951 on March 28 and closed at 17,557 on April 5. That is, in four sessions, the Nifty has also gained 606 points. At the same time, due to this boom, there has been a jump in the wealth of investors to the tune of Rs 10 lakh crore.

9.45 lakh crore increased investors’ wealth

On March 28, 2023, the market capitalization of companies listed on the BSE Sensex was close to Rs 251.86 lakh crore, which has increased to Rs 261.31 lakh crore on April 5. That is, there has been a jump of Rs 9.45 lakh crore in the wealth of stock market investors in just four sessions.

Why did the market rise

1. RBI is going to announce monetary policy on Thursday. And it is believed that the repo rate can be increased by a quarter percent in this meeting. But the market is feeling relieved that this last increase will be done by RBI.

2. Foreign investors are seen buying again in the Indian market. In March 2023, foreign investors have made a net purchase of Rs 7900 crore. So according to the provision data, on April 3, these investors made purchases worth Rs 322 crore.

3. The results of the fourth quarter of 2022-23 will start coming. IT giants will declare their quarterly results. And the movement of the market will largely depend on the quarterly results and guidance of these companies.

4. There was a huge decline in the market in the month of March. Investors are finding the valuation of the market attractive from the lower level. In such a situation, investors from institutional to retail are also investing due to which the brightness has returned in the market.

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4. There was a huge decline in the market in the month of March. Investors are finding the valuation of the market attractive from the lower level. In such a situation, investors from institutional to retail are also investing due to which the brightness has returned in the market.