8.4 percent GDP direct impact on stock market: Manzilen aur bhi hain

- Starting to play Holi in the stock market right now

- India is benefiting positively from the global upheaval: Implications of potential stable government signals

- Occasional

There are still 20 days left for Holi, but the stock market has already started celebrating Holi. India's stock market is booming amidst the global recession and threats of war. A market that is likened to a game of snakes and ladders appears to have fewer snakes and higher ladders to climb.

Factors that have often been negative on India's markets have stopped giving views on the current bullishness. The markets sometimes see corrections, but for investors it has become the norm. India's stock market is now on a bullish track and every number of it is going to be historic. At the beginning of January 2023, Sensex was 61107. On the first day of 2024 it was 61167. Today it is sliding closer to 75,000.

It is said that by the time a new government is formed at the Centre, the Sensex will be seen moving closer to 80,000. In short, the stock market may see crackers bursting even before Diwali.

It is important to look at some of the factors blowing the bullish headwinds in the Sensex. These factors are GDP growth, China's sluggish economic situation, US inflation, Federal Reserve's as-is move, FIIs in buying gear and bullish tone in the retail market, etc.

The middle class, which used to shy away from the stock market due to uncertainty, has come to trust it after the Sensex touched 60,000. New demat accounts are being opened and people are investing in reliable shares of the market instead of keeping money in fixed deposits in banks. Companies offering safe investment tips to middle-class investors have also sprung up like cats.

The GDP numbers released yesterday changed the course of the market. In the third phase of the current financial year (October-23 to December-2023), the GDP stood at 8.4 percent. While this figure has created a happy atmosphere for those involved in the financial sector, the figure of 8.4 has come as a shock to those who have been consistently pessimistic about India's markets. In this period last year, the GDP was 4.3 percent. That is, at this point in the present, this number has almost doubled.

An economic expert believed to be close to Rahul Gandhi and one of India's top brass said that even if India's economic system can maintain the third phase GDP figure of five percent, it is too much. By saying this, he mocked India's economic system. Today, people are making fun of him by showing old videos of his opinion on social networks.

India is moving towards realizing the dream of five trillion economy. India is getting the positive benefit of global upheavals. As such, some of the investors fleeing China are flocking to India. India is also benefiting from the Cold War between America and China.

Bullish effect can be seen on other markets like stock market. The retail market is estimated to reach two trillion dollars in the next decade. As a result of which the e-commerce market can also see a surge.

It is worth mentioning here that multibagger companies have given a return of 400 percent in one year. Such companies include companies involved in electric vehicles. Similarly, the share price of a music company increased by 250 percent in 10 months.

Stock market sources say that the stock market craves a stable government. As soon as there are clear indications that the Modi government is returning for a third term at the centre, there are signs of a stable government. Its positive effect is being seen on the markets.

8.4 percent GDP has dismissed talk of a possible recession for now. This bullish tone can be seen for a long time.