Indian Stock Market Soars: Sensex Reaches 80,000 Points After Modi’s Oath

The Indian stock market has been on an incredible rise, with the BSE Sensex hitting a record high of 80,000 points during Wednesday’s opening session. This milestone was achieved in less than three months, showcasing strong investor confidence and economic optimism.

Rapid Climb to 80,000 Points

The journey began on April 9 when the Sensex first touched 75,000 points. It steadily climbed to 76,000 points on May 27, then to 77,000 points on June 10, and continued to rise, reaching 78,000 points on June 25. Within the next two days, the Sensex surged to 79,000 points, finally hitting 80,000 points.

Impact of Modi’s Oath Ceremony

The market rally gained significant momentum following Prime Minister Narendra Modi’s oath ceremony for his new term on June 9. The Sensex responded promptly, hitting the 77,000 mark the very next day.

Expert Opinions

Ajay Bagga, a Banking and Market Expert, noted that the Sensex’s rise to 80,000 points is a historic achievement that will attract more funds to the market. He emphasized the sound economic policies and demographic advantages that make India’s market a strong investment.

Nilesh Shah, MD of Kotak Mutual Fund, cautioned investors to remain vigilant and consider potential risks, including global economic uncertainties. He advised investors to have a long-term horizon and moderate their return expectations.

Conclusion

The BSE Sensex’s surge to 80,000 points marks a period of robust market performance and investor confidence in India’s economic future.