Nifty climbs over 10,000 points from Covid low; here’s a look at multibagger stocks

The benchmark NSE Nifty has gained more than 10,000 points from the lows of March 2020. Meanwhile, some of the stock turned Rs 1,00,000 to over Rs 20 lakh. Which are these stocks and will the rally continue? On Money9’s show Get Rich, Sakshi Batra and Rahul Oberoi talk about the factors that will support the market going ahead.

On September 16, BSE CEO Ashish Chauhan, tweeted, “Market cap of listed companies on BSE at Rs 260.78 lakh crore, INR: USD exchange rate at Rs 73.51 per Dollar, India crossed market cap of $3.54 trillion today Sept 16, 2021. Perhaps, the 5th highest market capitalization country in the world.”

The markets hit a record high in the early trade today. BSE Sensex, was up 355.68 points or 0.6% at 59,496.84, while Nifty 50 index was up 103.35 points or 0.59% at 17,732.85 at the opening.

Contributing factors

Indian markets have outperformed the global markets during the Covid lows. The credit goes to RBI and the government for taking the right liquidity measures and infusing liquidity when there was a need.

There has also been a sustained increase in the inflows in foreign institutional investors

The entry of investors has also seen a tremendous rise, there further pushing the markets to achieve the peak.

The robust quarterly numbers have also contributed to the market’s higher growth.

Watch the full episode to know more…