Market cap of listed companies crosses WHOPPING Rs 200 Lakh cr, Anil Singhvi congratulates BSE
Zee Business Managing Editor Anil Singhvi has congratulated the Bombay Stock Exchange (BSE) as the Market cap of BSE listed companies crossed the whopping amount of Rs 200 lakh cr. The Market Guru had words of wisdom for investors. He said that thy must have confidence and faith in market during bad times, that they must remain careful at all times and importantly, stay invested in good times.
Zee Business Managing Editor Anil Singhvi has congratulated the Bombay Stock Exchange (BSE) as the Market cap of BSE listed companies crossed the whopping amount of Rs 200 lakh crore. The Market Guru had words of wisdom for investors. He said that thy must have confidence and faith in market during bad times, that they must remain careful at all times and importantly, stay invested in good times.
Zee Business Managing Editor Anil Singhvi said that the BSE market cap touched the 200 lk crore mark yesterday. After budget, BSE market cap went up by Rs 15 lk cr in 4 trading sessions. It implies 8-10% move has come in past 4 sessions. From March lows, the market cap moved from 100 lk cr to 200 lk cr, it doubled in less than a year. Investors should keep faith in tough times; huge wealth is created in past 1 year. Investors should remain careful and should stay invested during tough times, is the key to making good money, he added.
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Singhvi said that Sensex has moved from 100 levels in 1979 to over 50000 levels in 2021. Sensex moved 500 times in 42 years. This is the power of Equity. he added that Markets will remain volatile and many good quality stocks have become zero, but this is a part of the Investment journey. Investors should invest in Nifty or Sensex funds and remain invested. Only good quality companies will be allowed to enter Sensex and Nifty. Companies which make good profit, have good track record, have big equity, free float will enter the index. One or two companies may well not perform, but the other 28 companies are likely to do well.
BSE में लिस्टेड कंपनियों का मार्केट कैप ₹200 लाख करोड़ के पार...
— Zee Business (@ZeeBusiness) February 5, 2021
Investors who don’t feel confident about the stock market are better off investing in the Sensex / Nifty Fund or ETF. This will ensure that their investment will keep growing over a period of time.
India should target to reach among the top 3 economies in the world. Market cap of companies in Sensex and Nifty will certainly do well if this happens.
Many Fund Managers are saying that globally there are many Fund Houses which want to invest in India. However, these Fund Houses are not able to find such big companies where they can invest. Apart from Reliance, TCS, and HDFC Bank other Sensex / Nifty companies are mid caps / small caps for these Fund Houses.
Singhvi said it is extremely important for the Government of India to begin the IPO of LIC as soon as possible. Global Fund Houses and Investors should be given the opportunity to invest in India. The bigger the market, more companies will give investment opportunities to these Fund Houses.
Some Foreign companies should also be allowed to list in India. This will give good opportunities to domestic investors also who are willing to invest globally.
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