Sensex Gains 5,000 Points Since Poll Results, Eyes on Upcoming Budget and Economic Data

GG News Bureau
Mumbai, 21st June. The benchmark Sensex has surged more than 5,000 points since June 4, driven by optimism around political stability and economic growth. As of 3:15 pm Thursday, it traded at 77,475.08, up 137.48 points (0.18%) for the day, marking its sixth consecutive day of gains.

Investor sentiment has improved with expectations of policy continuity, robust economic growth, a favorable monsoon, and easing inflation. Foreign institutional investors (FIIs), after a significant selloff in May, have turned bullish, pumping ₹12,873 crore into Indian stocks in June.

While market volatility persists, experts remain positive for the medium to long term, citing factors like easing inflation and promising monsoon forecasts. However, concerns linger over the market’s premium valuation and potential froth in mid and smallcap segments.

Focus now shifts to the Union Budget and economic indicators, pivotal in shaping market sentiment and justifying current valuations.