Sensex scripting history today,by breaching 50000 for 1st time,is vindication of investor faith in @narendramodi gov
#Sensex,from 40000 on Oct8'20 to 50000 in just 74 sessions&from 45000 on Nov4'20 to 50K today,in 32 trading days,reflects economic momentum
Modi naysayers,quiet!
When #StockMarket plummeted to lows of 25000 at peak of #COVID19 crisis,few had envisaged such meteoric rise from index's 3yr low
Plethora of factors fuelled rally
Liquidity push,FII buying,good corporate earnings,mega vaccine roll out&economic traction under @narendramodi govt
Rs 4633 Cr #IRFC IPO has been subscribed 3.49x on final day of 3 day bidding process;Issue received bids for 435 Crore equity shares as against offered size of 124Cr equity shares
35% of #IPO reserved for #Retail investors,saw 3.53x subscription, with #QIB oversubscribed 3.78x💪
AUM of India's #MutualFunds has grown 36% from Rs 22.86 lakh crore in 2018,to over 31 lakhCr in 2021💪
#ClownPrince@RahulGandhi should know,when AUM of MFs rises,it in many ways,implies huge wealth creation for #RetailInvestors¬ the Ambanis&Adanis,he keeps ranting about 24/7
Equity culture shows investor confidence in govt of the day&its economic policies
Open-ended Equity Scheme Folios rose to 6.37Cr in Dec'20,from 6.35Cr in Nov
Open-ended Debt SchemeFolios rose to 80.73Cr in Dec,from 78Cr,in Nov
SIP Folios rose from 3.4Cr in Nov to 3.47Cr in Dec
Biggest vindication that this #BullRally has benefitted Retail investors can be guaged from fact that most IPOs in which 30-35% was reserved for retail investors,have done phenomenally well
For eg,#IRCTC,with book price of Rs320,has given 360% return to investors,in just 15mnths
India recd FII flow of $23 bn or Rs 1.7 lakhCr+ in 2020
FII inflow so far in Jan2021 is 20099Cr
FPI flow so far in current financial year is 2.38 lakhCr+;This is highest FPI inflow ever in a fiscal
Where is @_sabanaqvi hiding?She was jumping with joy when mkts fell,last yr!
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#Fitch,last year said,in FY22,India's #GDP growth will be in 8.5-9.5% range,but has now upgraded it's forecast,saying India under @narendramodi,will grow by solid 11% in 2021-22💪
GDP growth estimates for India in FY22 👇
IMF 8.8%
Nomura 9.9%
India Ratings 9.9%
Goldman Sachs 13%
Fitch,while lauding Modi Govt said,India is unusual among EMs,in having secured pre-orders of various vaccines,sufficient to cover a population-wide programme,having pre-ordered 1.6 billion vaccine doses,including 500 mln of the Oxford/AstraZeneca vaccine through a local producer
M&M expects Tractor industry to grow between 17-19% in FY22;If overall #AutoIndustry grows by 15-20%,cascading effect on GDP growth,will be superior
After stellar Nos by TCS,#Infosys also reported solid 16.6% YoY rise in consol net profit at 5197Cr for Dec qtr #Economy#Earnings
Sensex at 44000+,Nifty at 13000+ & #BankNifty at 9 month high of 30000+💪
Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role
#SBI is not any other Bank;It is biggest Bank in India,accounting for one fourth of India's lending activity, so great results by SBI,signify, #EconomyRising
NII at 28182Cr,up 5.7%,QoQ
NIMs up 12bps YoY at 3.34%
GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down