00:00Oh, the dream run of the Indian stock market and the cheerful ascent of the Sensex.
00:13And we are back with our market talk on a day when the Indian stock markets hit a lifetime
00:19high for the last two consecutive days.
00:21Despite some profit bookings seen today, the Indian markets have seen a remarkable surge
00:27jumping nearly 11% one month after the June 4 election results.
00:31This robust rally has been fuelled by a renewed foreign investor interest in local stocks.
00:37Let's delve into the details.
00:40This marks the strongest post-election surge since May 2019 and May 2014.
00:45In May 2019, the market saw a slight dip of 0.1% one month after the elections, while
00:51in May 2014, this surged by 5.8%.
00:56The most significant gains were observed in May 2009, with markets soaring approximately
01:0122% one month after the election results.
01:05India's benchmark Sensex breached the 80,000 mark for the first time, setting a new record
01:11high on July 4.
01:13The nifty also achieved a fresh lifetime high, closing above the 24,300 mark.
01:18Following the election, both BSC mid-cap and small-cap indices surged significantly with
01:24gains of over 15% and nearly 20% respectively, one month after the event.
01:30Now, let's take a moment to appreciate the incredible journey of the BSC Sensex, which
01:35breached the 80,000 mark for the first time on July 3, 2024.
01:40This remarkable rally saw the Sensex crossing the 80,000 mark on July 3 in the shortest
01:45span of just 138 sessions, a journey from 70,000 points completed within just 6 months.
01:53Here's a quick look at its journey through key milestones.
01:57The Sensex climbed from 10,000 to 20,000 points in 434 days.
02:02It then took 1,822 days, the longest duration to reach 30,000 points from 20,000 points.
02:10From there, it hit 40,000 points in 1,044 days and achieved the 50,000 milestone in
02:17just 415 sessions.
02:19The index continued its upward trajectory, reaching 60,000 points in a swift 166-days
02:25rally and then 70,000 points in 548 days.
02:29Finally, the fastest 10,000-point rally saw the Sensex soar to 80,000 points in just 138
02:36days.
02:37The remarkable performance of the Sensex and Nifty reflects strong investor confidence
02:42and favorable market conditions, both domestically and globally.
02:47Analysts believe that current momentum is likely to continue, especially with the upcoming
02:52Q1 earnings season expected to bring positive results.
02:57The IT sector's recovery and attractive valuations coupled with strong performances
03:02in the banking and auto sectors are likely to keep the markets buoyant.
03:06Moreover, the potential for a US rate cut and upcoming economic indicators domestically
03:11are additional factors that could sustain this rally.
03:15In July, market focus will center on key factors such as the union budget announcements,
03:20progress of the monsoon, inflation expectations, and Q1 FY23 earnings.
03:26Historically, July has shown positive trend in 80% of the instances over the past two
03:32decades.
03:33This trend remains consistent even in election years where budget-related expectations influence
03:38market sentiment.
03:39On average, July has yielded returns exceeding 2%.
03:43That's all for today's market update, stay tuned for more insights and analysis.
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