Modi government @8: Sensex has risen and roared since 2014 but real test begins now
India Today
The Sensex has galloped since 2014 and even reached an all-time high, but inflation has become a global concern.
Prime Minister Narendra Modi-led BJP government on Thursday completed its eighth year in office. PM Modi's tenure has, by and large, a positive impact on stock markets.
The benchmark equity index Sensex rose a staggering nearly 120 per cent to 54,252.53 on May 26 from 24,716.88 on May 26, 2014. The Sensex had touched a record-high of 62,245.43 on October 19, 2021, according to a Business Today report.
From May 26, 2014, around 491 stocks on the Sensex rose more than 500 per cent.
Among all stocks, Sadhana NitroChem Ltd share price rose to Rs 132.10 on Friday last from Rs 0.40 on May 26, 2014. On May 26, 2022, the share price stood at Rs 111.95.
Among the top gaining shares in these eight years are SEL Manufacturing Company, Tanla Platforms, Equippp Social Impact Technologies, Apollo Finvest, and Dynacons Systems and Solutions.
The BSE Consumer Durables index gained the most, followed by BSE IT, BSE Healthcare, BSE Bankex, and BSE FMCG. BSE Power, Realty, Capital Goods, Realty, Auto, and Oil and Gas, Metal and Telecom indices also gained substantially, Business Today reported.
However, as we are gradually overcoming the Covid pandemic, inflation has become a global concern. Market sentiment remained volatile due to constant foreign fund outflows and inflationary pressures.
