Updated on 10 May 2017
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Why these 10 stocks gave 100 percent returns during Modi Government
Retail investors have nothing to complain as the Nifty rose over 30 percent in 3 years of Modi government in office while 10 stocks more than doubled investors’ wealth in the same period.
The broader index registered over 30 percent growth since May 16, 2014, when Narendra Modi-led NDA emerged victorious in the General Elections of 2014. During the same period, the S&P BSE Sensex rose 25 percent in the same period.
There are many reforms which the government initiated in order to kick start the economic engine ranging from GST, Direct Benefit Transfers, passing of various bills to inject life in Real Estate and Banking sector, Make in India to promote manufacturing, encouraging start-up culture and curbing the supply of black money etc. among others.
The rally in the Indian market is led by strong domestic and global liquidity. Domestic institutional investors (DII), which include mutual funds, have poured in more than Rs 1 lakh crore in Indian equity markets since May 2014 while foreign institutional investors (FIIs) bought just Rs 30,000 crore worth of equities in the same period, according to data from Moneycontrol.