Winning Bizness Desk

Mumbai. The last two months of this year i.e. April and May have proved to be very auspicious for the investors of the Indian stock market. After March 20, 2023, the Indian stock market has shown a lower level boom. Investors' wealth has increased by Rs 27 lakh crore in just two months. During this period, both the major indices Sensex and Nifty have seen a tremendous jump from the lower levels. On March 20, 2023, the BSE Sensex fell to the level of 57,000, while the Nifty of the National Stock Exchange fell down to the level of 16,828. But since then foreign investors have returned to the Indian market and in just two months the Sensex has gained 5500 points and the Nifty has gained about 1700 points.

Market capitalization rebounds

Due to the purchase of foreign and domestic institutional investors, the market capitalization of companies listed on BSE had come down to Rs 255.64 lakh crore. It has now increased to the level of Rs 282.67 lakh crore. That is, there has been a jump of Rs 27 lakh crore in the wealth of the investors invested in the market during this period. The biggest contributor to this rally in the market has been the twin stocks of Bajaj Group, Bajaj Finance and Bajaj Finserv. Bajaj Finance share fell to Rs 5485 on March 20, which is now trading at Rs 6905? That is, there has been a jump of 26 percent in the stock in two months. The share of Bajaj Finserv had fallen to Rs 1215. Which is now trading at Rs.1439. That is, there has been a jump of 18 percent in Bajaj Finserv.

IT stocks helping

The stock of Reliance, the country's largest private company, has also given amazing returns to the investors. The stock of Reliance had fallen down to the level of Rs 2180, which is now trading at Rs 2506. That is, the stock has given a return of 15 per cent to the investors. Several IT and railway stocks have also made investors rich during this period.