The Indian stock market witnessed the star rally in the first half of 2021, with the main index, S & P BSE Sensex and Nifty 50, hit the highest record and raised the wealth of investors around Rs 40 Lakh Crore.
Sensex and Nifty 50 collected around 10 percent and 12.4 percent respectively. The average market capitalization of BSE companies rose to Rs 229 Lakh Crore on June 30 and RS 233 Lakh Crore on July 14 from RS 188 Lakh Crore on December 31, 2021.
Sensex reached a new height of 53,266.12 on July 15, while Nifty 50 also rose to a record of 15,952.35. Anecdotal data shows that the Bulls still control D-Street in the second half of this year at least in seven of the last 10 years.
Although most analysts do not see repetitions about what happened in 2020, when Nifty 50 strengthened 35 percent in the second half, the trend of increasing the possibility would continue. There may be more specific stock actions and remember that the index is near the highest record, some consolidation cannot be ruled out.
“The trend was very uncertain for the last 10 years Nifty 50. The market rose in a sudden movement and remained down for a period a little longer,” said Anuj Jain, founder and senior research head in the green portfolio. “There is still an undervation in middle room and a larger little hat. Next, the market or the Nifty 50 index still has a long way to remember the new post-covid realm.”
Jain added that Nifty 50 did not fully represent the stock market or economic performance.
“It has the largest capital-weighted company on its index in India. Greater market performance, namely BSE MIDCAP and BSE Scatcap, has been different,” he said.