New Delhi:
During the first 100 days of Narendra Modi’s third term as the Prime Minister of India, the stock markets across the country have witnessed a strong rally. The NDA government at the center completed its 100th day on Monday, 16 September. In the first 100 days of Modi 3.0, the benchmark indices have registered a significant jump and the market has remained broadly positive most of the time.
Despite concerns and headwinds over the hike in capital gains tax and the Bharatiya Janata Party (BJP) not getting a thumping majority in the Lok Sabha elections, both the BSE Sensex and NSE Nifty have hit record highs within 100 days of Modi 3.0.
Both indices had closed at record highs on September 17, and ended marginally lower on September 18, as the government celebrated 100 days of Modi 3.0.
On the other hand, several sectors have performed well during this period. Between June 10 and September 18, the Nifty IT index saw a gain of over 8 per cent, while the Nifty Healthcare index registered a gain of nearly 17 per cent.
The BSE Smallcap index also performed well and gained more than 15 percent during this period. The BSE Midcap index also jumped 10 percent during this period.
The performance of the stock markets in the first 100 days of Modi 3.0 is in stark contrast to the performance when the Narendra Modi government came to power for the second time in 2019. In the first 100 days of Modi 2.0, the BSE Sensex fell by more than 2,800 points, while the Nifty fell by 1,000 points.
The stock market witnessed a sharp surge in the initial days of Prime Minister Narendra Modi’s first term in 2014, with the Nifty and Sensex gaining nearly 11 per cent between May 26 and September 3.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.