The Indian stock market is constantly making new records in the
new year. The Sensex of the BSE has crossed 36 thousand for the first
time, while the NSE's Nifty crossed the level of 50.11 thousand. Government
reforms, improving corporate earnings in the third quarter and improving the
rating have brought the market to new heights due to increase in domestic
inflows along with domestics. According to experts, Nifty could reach
level of 12,000 in 2018. During the market rally, many stocks can prove to
be multibaggers and investors can get a good return here.
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Sensex up 1,000 points in 4 trading sessions
It took just 4
days for the Sensex to reach 35,000 to 36 thousand levels in the market. The
Sensex on January 17 reached the level of 35 thousand for the first time. On
January 23, the Sensex crossed the level of 36 thousand. The Sensex
increased by 1000 points in 4 days.
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Will Become Multibag
# Why is the market moving?
Correction of Earning Corp
Experts said
that the ban on bondage and GST has reduced. Corporate earnings improves
in the third quarter of fiscal year 2018. The results of the third quarter
of heavyweight Reliance Industries, ITC, HDFC Bank, HUL, TCS have been better. Market
has got support from this.
Foreign
Investors Raising Investment
Sachin Sarvade,
technical analyst, SMC Institutional Equities, says that improvement in macro
economy at the domestic level, recovery in corporate earnings and attractive
Yield has attracted foreign investors. FIIs have made a purchase of Rs
6575 crores in January 16 trading sessions.
Boost
from Bank Recapitalization and Bharatmala Project
According to
experts, since the year 2017 the rally in the Indian stock market continues. In
October, market rally supported with industrial turnaround and economic growth,
bank recapilization and declaration like Bharatmala.
For
these reasons the market will have the advantage
- Jagdish
Thakkar, director of Fortune Fiscal, says that the 2019 elections are not far
away. This has increased the expectation of the government to take steps
for some other economic reforms. At the same time, Sarvade said that the
government would increase the expenditure on special and rural and infra
sectors this year. It may be announced in the budget to be introduced in
February. The market will have the advantage of increasing the
expenditure. GST's positive impact has now started to appear. In the
third quarter, the results of the companies are coming good. Sandeep Jain,
Research Head, Trade Swift said that the government can take many measures in
the budget to give new jobs. This will determine the direction of the
market ahead.
Nifty's
next target is 12,000
- Surveed said
that by the end of this year, the Nifty would touch the figure of 12,000 From
the rally that is being seen in the market, it seems that it will not take much
time to touch this level.
- On January
23, the Nifty crossed the 11,000 level for the first time in the market. In
the 6 months the index was up by 1000 points. On July 26, 2017, the Nifty
touched the level of 10 thousand.
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