The Indian stock market has witnessed a five-day rally, which has resulted in investors gaining profits worth 10.43 lakh crore. This rally is a result of the positive sentiments prevailing in the market due to various factors such as the Union Budget 2021-22, the declining COVID-19 cases, and positive global cues. The benchmark indices, Nifty and Sensex, have both hit record highs during this period, with Nifty crossing the 15,000 mark for the first time.
The Union Budget 2021-22 announced by Finance Minister Nirmala Sitharaman has been a major contributor to the positive sentiments in the market. The budget has focused on boosting economic growth and reviving the sectors that were adversely impacted by the COVID-19 pandemic. The government has also announced measures to attract foreign investments and promote domestic manufacturing. These announcements have been welcomed by investors, leading to a surge in the stock market.
The declining COVID-19 cases in India have also played a significant role in boosting investor confidence. The number of daily cases has been consistently decreasing, leading to hopes of a faster economic recovery. Additionally, positive global cues, with the US markets hitting record highs, have further added to the positive sentiments in the Indian stock market. The five-day rally has been a much-needed boost for investors who were affected by the market volatility last year due to the pandemic.
In conclusion, the five-day rally in the Indian stock market has resulted in investors gaining profits worth 10.43 lakh crore. The positive sentiments prevailing in the market are a result of various factors such as the Union Budget 2021-22, declining COVID-19 cases, and positive global cues. This rally has been a much-needed boost for investors who were affected by the market volatility last year. However, it is important to note that the market is subject to fluctuations, and investors should exercise caution while making investment decisions.
