• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Investors’ Wealth Surges By Rs 128 Lakh Cr In Samvat 2080, Gold Gives 32 Pc Return

OMMCOM NEWS by OMMCOM NEWS
November 1, 2024
in Business
SENSEX

Mumbai: As the Indian stock market ended Samvat year 2080, investors’ wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

This made Samvat 2080 the biggest wealth-creating year on record, banking upon a stable government, strong fundamentals and record inflows by domestic funds which was at Rs 4.7 lakh crore.

The National Stock Exchange (NSE) saw its investor base crossing 20 crore. Amid strong interest from retail investors, 336 companies made their stock market debuts in Samvat 2080 — with 248 coming from the SME segment.

Nearly 100 of these IPOs have launched with listing gains exceeding 50 per cent and 163 IPOs are currently trading above their issue prices, as per industry data.

Samvat 2080 also saw significant growth in the prices of gold and silver, with both precious metals delivering returns of 32 per cent and 39 per cent, respectively. This can be attributed to three key global factors — geopolitical tensions, US presidential election and global interest rate policy.

The mutual fund sector saw its total assets at about Rs 68 lakh crore, with systematic investment plan (SIP) investments nearing Rs 25,000-crore mark.

The new Samvat or Hindu New Year begins at the time of Diwali. During this time, many investors believe that trades made during Muhurat draw prosperity for the year ahead.

According to market experts, with Nifty returning 25 per cent and Nifty 500 returning 30 per cent in Samvat 2080, investors should be happy.

But the 6.2 per cent correction in October, the first above 5 per cent correction in 54 months, has triggered anxiety over the market performance, going forward.

Of serious concern is the relentless FII selling in October amounting to Rs 113,858 crore through the exchanges.

Given India’s elevated valuations and concerns over deceleration in earnings growth, FII selling might continue, impacting the benchmark indices. In such a scenario investors should focus on stock-specific investment where Q2 results have been good and earnings visibility is bright, said experts.

Jateen Trivedi from LKP Securities said the US election next week is expected to be a decisive factor for gold’s trend, with market participants closely watching its outcome for further direction.

(IANS)

Tags: National Stock Exchange (NSE)
ShareTweetSendSharePinShareSend
Previous Post

Explore The Wild: Kuldiha Sanctuary Reopens Today

Next Post

NSD Outreach Centre Coming Soon In Bhubaneswar

Related Posts

Business

Trump Asks 17 Non-Indian Drug Majors To Cut Prices In US; Nifty Pharma Dips

August 1, 2025
Economy
Business

Indian Economy To Excel Despite US Tariffs, Trade Deal Expected By October: Report

August 1, 2025
India-US
Business

Reinvigorate ‘Made In India’ As Hallmark Of Unquestionable Quality Amid US Tariffs: SBI Report

August 1, 2025
Business

PNB Housing Finance Stock Tanks 16 Pc After CEO Resigns

August 1, 2025
sensex
Business

Nifty, Sensex Open Lower As New Trump Tariffs Kick In

August 1, 2025
Business

Govt Spends Rs 2.75 Lakh Crore On Big Infra Projects To Boost Growth In April-June

July 31, 2025
Next Post

NSD Outreach Centre Coming Soon In Bhubaneswar

Minor Girl Dies, Father Critical After Rengali Canal Embankment Caves In

Maternal, Child Mortality Rates In Sudan Rise Due To Ongoing War: Health Minister

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.