Share Market Return: The sixth month of the year i.e. June is over. Thus half of the year 2023 has passed. It hasn’t been a great 6 months for the local stock market, but the market seems to be on a bullish path in the last few days. However, even after a few bounces, investors in the local stock market have made huge gains.
Domestic market at new heights
This year, both the major domestic share indices have gained around 6 percent each so far, compared to gains of around 4 percent each in the month of June. On June 30, the BSE Sensex surged over 800 points to 64,715. It touched a high of 64,768.58 points during the trade, which is its new high in the last 52 weeks. On the other hand, the Nifty closed at 19,190 points on June 30, up 217 points or 1.14 per cent. This is a new high for Nifty.
Market investors benefited greatly
The rapid growth in the first half of 2023 has benefited investors a lot. In these 6 months, the wealth of stock market investors has increased by 14.07 lakh crore rupees. Meanwhile, some major stocks in the market performed tremendously. In terms of market capitalization, the prices of these 10 stocks belonging to the large cap category have increased by 60 percent in the last six months.
Prices increased by 50 percent
During January to June 2023, ABB India shares were the top gainers in the large cap category. Its price has increased by more than 60 percent. On the other hand, shares of Cholamandalam Investment and Finance Company and Tata Motors have gained 50 per cent each during this period.
These stocks also rose
Hindustan Aeronautics, ITC, Siemens, Trent, IndiGo, InterGlobe Aviation, Bajaj Auto and the parent company of DLF have seen prices rise by 30 to 50 percent in the six months.
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