new Delhi. Even in 2020, the stock market was at its peak in the same month and at the same dates, when the corona virus had arrived in China and other countries. At the same time, in January of 2021, the stock market is at its peak on these dates and a new strain of Corona has arrived. Due to which, countries like China, Indonesia, Japan, UK have been locked. Now there is also a risk of bird flu in India. Even after that, the stock market seems to be twenty one in 2021 as compared to 2020. Experts say that it is possible for the Sensex to cross the 50 thousand and Nifty 15 thousand levels. In the statistics, we try to understand how the stock market is better than the initial 8 days of 2021 from the beginning of 2020.
8 days of market like this
The first talks about the initial 8 business days of 2021. During this period, the Bombay Stock Exchange’s major index Sensex has risen by 1765.78 points. Today, the Sensex gained nearly 248 points to 49,517.11 points and closed at record level. On the other hand, Nifty 50, the major index of the National Stock Exchange, has seen an increase of 581.7 points. While today the Nifty gained 78.70 points to close at 14,563.45 points. Meanwhile, the market cap of BSE has increased by Rs 945571.19 crore to Rs 1,97,49,089.79 crore.
Twenty one market in 2021
|Share Market||2020 (until 10 January)||2021 (till 12 January)|
|Increase in sensex||345.98 digits||1765.78 digits|
|Increase in nifty||88.35 points||581.7 digits|
|Market cap increased||2,13,177.44 Crore||9,45,571.19 Crore|
Did not see so fast in 2020
On the other hand, if we talk about the first 8 business days of 2020, there was no such rapid growth at all. While both the major stock market indices were at their peak. Talking about the figures, the Sensex had seen an increase of only 345.98 points in the first 8 trading days of 2020, which is almost 3 times less than the current time. At the same time, the Nifty 50 had increased by only 88.35 points during the same period. Whereas the BSE market saw a gain of only Rs 213177.44 crore in the cap.
Is this fast showing or not?
Market expert Ajay Kedia says that at present, the PE ratio of Nifty is at a 20-year high ie 39. Which never exceeded 28. There has always been a decline after staying at 28. Ajay Kedia says that at present, foreign investors have invested a lot in the market. A sale can also be seen soon. The reason for this is Kovid’s new strain. Due to this, lockdown has been done in about half a dozen countries of the world. Apart from this, the risk of bird flu has increased in India. They believe that there is still a lot of volatility in the market. Reach market and height in a few days, but fall is sure to come.