InvestorQ : Has there been some good wealth creating happening on the NSE in the last couple of days of bull rally?
indhumathi Sayani made post

Has there been some good wealth creating happening on the NSE in the last couple of days of bull rally?

Answer
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diksha shah answered.
2 months ago


It has been an eventful and profitable 2 days on Monday and Tuesday for the investors in the Indian markets. Stock market have grown wealth by Rs.271,000 crore on 17 August and 18 August put together on the back of a frenetic rally in the markets.

Nifty struggled around 11,200 mark for some time but has now bounced back to the 11,400 levels on hopes of a global US-driven stimulus. The Dow getting back to its pre-COVID highs is also a great boost for the Indian markets.

Of course, you must be wondering why the euphoria when India struggles to come out of the lockdown. But markets are slowly reconciling to the fact that the government support and the sharp surge in rural demand will help.

The rural thrust is expected largely to neutralize any concerns on the growth front. In the last few days, banks, metals, financials and realty stocks have been among the major gainers but the real support to the market will now have to come from the financials.