Vikrant Shekhawat : Sep 11, 2024, 11:18 AM
Modi 3.0 Government: The last few months have seen several significant developments in Indian politics and financial markets. When Prime Minister Narendra Modi launched his election campaign with the slogan 'Abki Baar 400 Paar', there were expectations of a big victory. Exit polls predicted a strong performance of the Modi government, resulting in an encouraging rally in the stock market. But when the results came out on June 4, the BJP had difficulty crossing the majority mark and the market reacted by declining. Today we will analyze the performance of the stock market during the first 100 days of the Modi 3.0 government.Stock Market Performance: The Beginning of Modi 3.0Modi 3.0 government has completed 100 days of formation and during this time the stock market has seen a lot of fluctuations. On June 10, when Modi took oath as Prime Minister for the third time, the Sensex closed at 76,490.08 points, giving initial positive signals to investors. But after June 4, when the BJP's chances of majority faded, the Sensex and Nifty declined.Performance of Sensex and Nifty in 100 daysFrom June 10 to September 10, the Sensex rose by 5,431.21 points and reached 81,921.29 points. During this period, the Sensex gave investors a return of 7.10%, which was better than expectations. At the same time, the Nifty closed at 25,041.10 points with a rise of 1,781.9 points and provided a return of 7.66%. This performance shows that the Nifty has performed better than the Sensex.Comparison of the first 100 daysIf we look at the performance of the 100 days before June 10, it was relatively less encouraging. The Sensex gained 4,453.1 points from 29 December 2023 to 7 June 2024, giving a return of 6.16%. Similarly, the Nifty gained 1,558.75 points during this period and gave a return of 7.17%.Investors' gains and BSE market capInvestors gained more than Rs 38 lakh crore during the 100 days. The BSE market cap rose from Rs 4,25,22,164.95 crore on June 10 to Rs 4,63,49,659.43 crore on September 10. This shows that the BSE market cap has increased by Rs 38,27,494.48 crore.ConclusionThe stock market has faced highs and lows in the first 100 days of the Modi 3.0 government, but eventually stability and positive trends have been seen. Investors have expressed confidence in the functioning of the government, as reflected in the market cap and return figures. However, the direction of the market in the future will depend on many factors, but at present the Modi 3.0 government has satisfied investors to a great extent.