India’s market cap grew faster under UPA than Modi govt, but other indicators faster in past decade

Posted on:
Key Points

New Delhi: The market capitalisation of Indias stock market grew faster under the 2004-14 period of the United Progressive Alliance (UPA) than in the 10 years so far of the Modi government, an analysis by ThePrint shows.. That said, the growth in assets under management of mutual funds grew faster under the Modi government, as did the number of active participants in the stock market...

Further, while the share of foreign holdings in Indian stock markets has fallen, this wasnt due to any actions India has taken, but rather in response to global factors, according to the National Stock Exchange (NSE)...

In response to Congress leader Rahul Gandhis allegations of stock market manipulation by Bharatiya Janata Party (BJP) leaders particularly Narendra Modi and Amit Shah BJP leader Piyush Goyal held a press conference Friday in which he highlighted several achievements of the Modi government with regard to the stock market...

The number of stock market participants as recorded by the National Securities Depository and Central Depository Services grew from 40.7 lakh to 218 lakh under the UPA, and further to 15.1 crore under the Modi government..

On the flip side, the share of foreign portfolio investors holdings in Indian stock markets has fallen below 18 percent for the first time in nearly 12 years a trend highlighted by Goyal in his press conference as an achievement of the Modi government...

You might be interested in

Morgan Stanley sells stake in Divgi TorqTransfer after muted listing

14, Mar, 23

3.73 lakh shares of Divgi TorqTransfer were sold through a block deal for about Rs 22 crore

Investors became richer by Rs 2.20 lakh crore in a day. Why Nifty ended at all-time high

19, Feb, 24

Driving the News: Indian stock markets continued their upward trajectory for the fifth consecutive session, pushing the Nifty and Sensex to record hig

MRF stock price today: India’s highest priced stock hits Rs 1.5 lakh mark!

17, Jan, 24

India Business News: MRF, India's highest-priced stock, reached a new milestone by hitting a share price of Rs 1.5 lakh, marking the first time an Indian stock has achieve

Budget 2024: Bond market focus fixated on government’s fiscal discipline commitment, borrowing plan

29, Jan, 24

The bond market traders keenly watch the government’s fiscal deficit target and market borrowing plans in the Union Budget for directional cues. The trajectory of Indian government bond yields will be influenced by the Budget targets and the upcoming US Federal Reserve policy meeting.

This is ‘Modi’s guarantee’, not just promise: PM takes veiled dig at Congress

01, Jul, 23

The government is giving Rs 6.5 lakh crore to the agriculture sector every year with each farmer getting a benefit of Rs 50,000 annually in one form or the other, Prime Minister Narendra Modi said on Saturday while asserting it’s “Modi’s guarantee” and not just a promise.

Reliance Industries becomes first Indian stock to cross Rs 20 lakh crore market cap

13, Feb, 24

Reliance Industries (RIL) becomes the first listed Indian entity to cross Rs 20 lakh crore market cap milestone. Analysts from Morgan Stanley, Jefferies, Sharekhan, and Citi have provided target prices and assessments of RIL's future prospects. RIL's market value has increased by Rs 1 lakh crore in the last two weeks alone.

Govt spending Rs 6.5 lakh crore annually on agriculture, farmers' welfare: PM

01, Jul, 23

Prime Minister Narendra Modi on Saturday said his government is spending Rs 6.5 lakh crore annually for the agriculture sector and farmers' welfare, and called upon cooperatives to help in making the country self-reliant in cooking oils.

BSE m-cap hit an all-time high of Rs 3.91 lakh crore, investors' wealth surged by Rs 2.20 lakh crore

20, Feb, 24

India Business News: NEW DELHI: Investors' wealth increased by Rs 2.

Top news this week: Last trading day of 2023, India's fiscal deficit, layoffs at Paytm's parent firm and more

30, Dec, 23

Big headlines of the week (24 December to 30 December): Sensex and the Nifty 50 last trading day of 2023, Mukesh Ambani pays tribute to father Dhirubhai, Azad Engineering market debut and more

Govt to borrow Rs 6.55 lakh cr in H2, launch 50-year securities

27, Sep, 23

The government on Tuesday said it will borrow Rs 6.55 lakh crore in the second half of 2023-24 through dated securities, including Rs 20,000 crore through issuance of Sovereign Green Bonds (SGrBs). The government meets its fiscal deficit mainly through market borrowings.