Nifty on a Mars Mission
For the first time this week, the domestic headline equity
index Nifty50 closed over the milestone threshold of 16000, took less than 500 days
to double from its record low of 7,511 on March 24. The
sharp recovery in the index has been driven by a benign world liquidity
backdrop, better containment of COVID-19 cases, sharp recovery in companies earnings.
changes in the economy, also changed over the year. Basic sector as metal, cement, bank and financial,
are in the bullish territory which furthermore points out
bullish preconception ahead. Major organisations in nifty 50 enables in up
brining from bottom down are :
Nifty50 constituents make up approximately 58% of the total
market capitalisation of listed companies in India.
Main Reason at the back of the All time
High charge of Nifty50 is most
of the good news such as vaccination, earnings and economic recovery .
Another reason for the increase in Nifty 50 is that Indians
are increasing their exposure to equities, suggesting a
shift from traditional investment assets such as gold and bank
deposits.The number of new demat accounts, opened during the preceding
financial year was the most in decades at 4.9 million, a 22.5% increase from
the 4 million demat accounts opened in the financial year 2019.
“Low prices of shares gave new traders an possibility to go into the markets,
while individuals who are working from home also had time to discover trading
in equities’’," Low deposit rates in banks additionally added new traders seeking
out better returns in comparison to other asset classes.