Boom in the Stock Market

The last one month has seen a very sturdy growth in our stock exchange and today the Sensex crossed the 28000 mark for the first time and the NSE Nifty hit a new high of 8363.65 as per Press Trust of India.

However the day is still very long and all over the world the oil prices have fallen drastically which should actually bring the stock market down since oil prices are the key. However it seems there is a lot of confidence in the investor and some corrective measure taken by the government has also helped.

The companies most to gain are automotive companies, Power sectors and banks.

Also the inflow of money from foreign investors has also increased since the new government has taken control at the center.