The Sensex touched the 50 thousand mark for the first time in January and rose sharply to break the 60 thousand mark in the subsequent year. Reliance Industries Also major software and financial stocks rose. Starting at 47,751 points, and despite the weakness seen in the last two months of the year, the Sensex ended 2021 up 22% at 58,254 points, while nifty It rose 24% from 13,982 to 17,354 on the NSE. The rally made investors rich by nearly Rs 81 lakh crore and the market capitalization of BSE closed at Rs 269 lakh crore.
HDFC Securities MD & CEO Dheeraj Reilly said the market cap-to-GDP ratio is at the highest level globally and in India due to large liquidity inflows, low interest rates, early return to normalcy and lower returns from other asset classes. reached at.
Among various things, the bull rally in the Indian market led to the emergence of tech-driven, consumer companies in the public market through the IPO route. food delivery app zomato The first to lead the way was the lead, followed rapidly by online cosmetic retailer Nykaa, tech financial products retailer PolicyBazaar and digital payment solutions provider Paytm. While Zomato and hero The blockbuster D-Street debuted, PolicyBazaar was struggling and Paytm left many investors poor.
The tireless rally on DStreet also gave rise to a virtual race between Mukesh Ambani, head of RIL, and gautam adaniAdani Group heads to crown Asia’s richest.
A strong stock market for most part of 2021 also attracted retail investors to open and start trading in record numbers of demat accounts. AMFI data shows that the rally prompted risk-averse investors to go the mutual fund route with Rs 37.3 lakh crore under management and monthly SIPs at the end of November.
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