Indian Stock Market Sees Record Wealth Surge in Samvat Year 2080
Mumbai – As Samvat year 2080 concludes, the Indian stock market has witnessed a remarkable surge in investors’ wealth, increasing by Rs 128 lakh crore (approximately $1.5 trillion) to reach a total of Rs 453 lakh crore. This marks Samvat 2080 as the most significant wealth-creating year on record, driven by a stable government, strong economic fundamentals, and unprecedented inflows from domestic funds amounting to Rs 4.7 lakh crore.
The National Stock Exchange (NSE) reported that its investor base has now exceeded 20 crore. The enthusiasm from retail investors has been notable, with 336 companies debuting in the stock market during Samvat 2080, including 248 from the SME segment. Nearly 100 of these initial public offerings (IPOs) experienced listing gains exceeding 50%, while 163 IPOs are currently trading above their issue prices, according to industry data.
Additionally, the year saw substantial growth in precious metal prices, with gold and silver delivering impressive returns of 32% and 39%, respectively. This increase can be attributed to several global factors, including geopolitical tensions, the upcoming U.S. presidential election, and changes in global interest rate policies.
The mutual fund sector also flourished, with total assets reaching around Rs 68 lakh crore and systematic investment plan (SIP) investments approaching the Rs 25,000 crore mark.
The Hindu New Year, which begins around Diwali, is traditionally considered an auspicious time for investments, with many believing that trades made during this period will bring prosperity in the year ahead. Market experts noted that with the Nifty returning 25% and the Nifty 500 returning 30% in Samvat 2080, investors have much to celebrate.
However, the market faced a 6.2% correction in October—the first correction exceeding 5% in 54 months—raising concerns about future performance. Foreign Institutional Investors (FIIs) have been notably active, selling a significant Rs 113,858 crore through exchanges in October, which has added to investor anxiety.
Experts suggest that given India’s elevated market valuations and worries about slowing earnings growth, FII selling may continue, potentially affecting benchmark indices. Investors are encouraged to focus on stock-specific investments, particularly where second-quarter results have shown strength and earnings visibility is promising.
Looking ahead, Jateen Trivedi from LKP Securities highlighted that the upcoming U.S. election will be a key factor influencing gold trends, with market participants keenly observing its outcome for further market direction.
