Dec Wed 2023 02:38:36
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Kathmandu. Nepal's stock market has fallen. As the internal problems of the economy are increasing, the shadow of recession has gripped the country. The interest rate has not decreased as expected and the morale of stock market investors has also not increased. One after the other, the activities of weakening the morale of investors are being done from the government level, while the stock market is running at a rocket speed, making new records. On the other hand, the stock market of India has set a new record again on Tuesday.
Sensex made a record high of 69381.31 today. Similarly, another market index Nifty has also reached an all-time high of 20864.05. Earlier on Monday too, the market rose at a rocket speed and made a new high. The Indian stock market boomed on Tuesday after breaking the new high made on Monday.
Sensei closed at 69296 on Tuesday. Nifty rose by 168 points to close at 20855.
In the assembly elections held in three states of India, the ruling party BJP won a huge majority, so it is said that the market has increased due to the stable government factor increasing the morale among the investors. Similarly, in the second quarter, India's GDP growth increased more than expected to 7.6 percent. The central bank had estimated only 6.5 percent growth. Due to the miraculous improvement in the country's economy, the positive effect of the increase in the investor's morale has had a positive effect on the stock market.
The American government's investigative agency has said that the allegations leveled by short-seller Hindenburg Research against Adani Group companies are "absurd". The US government has given a clean chit to Adani Group. Its effect was seen in today's business. All 10 shares of Adani Group have increased in value.
The shares of Adani Enterprises, the main company of Adani Group, increased by 17.38 percent. Similarly, the shares of Adani Green Energy, Adani Transmission and Adani Green Energy have increased by more than 20 percent.
Ridham Desai, MD of Morgan Stanley India, says that the stock market is expected to grow by 20 percent annually for the next 4 years. Speaking to the Indian media, he said the share of profit of listed companies in the gross domestic product (GDP) could increase to 10 11 percent, which is currently 58 percent. Behind this are investment growth, increase in government spending, improvement in savings, growth in international trade and excellent company dividends.