After the announcement of the 17th Lok Sabha election dates, the stock market has been fasting; however, this time the stock market was more vigilant than last time.
On Sunday, the Election Commission announced the Lok Sabha elections in seven phases, and on Monday the Sensex closed at 37,054.10 with a rise of more than 382.67 points, which is the biggest rally in the last six months.
The confidence of the investors on the reforms made during the last four years is the reason for the increase in the stock market.
After the announcement of the 17th Lok Sabha election dates, the stock market has been fasting; however, this time the stock market was more vigilant than last time.
On Sunday, the Election Commission announced the Lok Sabha elections in seven phases, and on Monday the Sensex closed at 37,054.10 with a rise of more than 382.67 points, which is the biggest rally in the last six months.
From the announcement of the last general election to the date of Narendra Modi taking oath as Prime Minister, the Sensex has been successful in making a massive jump of 3,440 points. After this, the market has not looked back, and the Sensex has managed to touch the level of 38,989.65 on August 29, 2018.
The confidence of the investors on the reforms made during the last four years is the reason for the increase in the stock market. Because of the reforms and its possible consequences, institutional foreign investors (FIIs) have bet on the Indian stock markets.