Mumbai32 minutes ago
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Prime Minister Narendra Modi said in an interview to Economic Times, ‘I can say with confidence that on June 4, as soon as BJP touches record numbers, the stock market will also reach new record highs. The positive effect of this statement is visible on the market.
Modi said- The trust that the stock market has in us is evident from its performance in the last decade. When we took charge, the Sensex was around 25,000 points. Today, it stands at around the 75,000 mark. Recently, we reached $5 trillion market cap for the first time.
The impact of this statement of PM Modi is also visible on the market. The market had opened flat in the morning, but now it has increased by about 700 points and is trading above 75,000. Nifty has also made a new record of 22,852 in the day’s trading. It is trading up by 232 points.
Demat accounts increased from 2.3 crore to 15 crore in 10 years
Talking about the last 10 years and the two terms of the BJP government, he said, ‘If you just look at the number of demat accounts, you will understand how citizens have started showing confidence in the Indian economy.
The number of demat accounts has increased from 2.3 crore to now more than 15 crore. The number of mutual fund investors has increased from 1 crore to 4.5 crore. Domestic investors have become more active and are playing a more important role in our markets than ever before.
Pro-market reforms made investing in stock market easier
PM Modi also said that it has become easier for investors to invest in the stock markets as our investors are well aware of the pro-market reforms we have implemented. These reforms have created a strong and transparent financial ecosystem.
