Prime Minister Narendra Modi on Wednesday said that the Lok Sabha election results have not only boosted domestic capital markets but also generated enthusiasm in the world.
Replying to a debate on a motion thanking President Droupadi Murmu for her address to the joint sitting of Parliament, PM Modi also said when India becomes the third largest economy, it will have a positive impact not only domestically but also at the global level.
“Our economy has moved from 10th position in the world to fifth. We have got a mandate to make India the third largest economy,” PM Modi said.
“There will be a rapid transformation in public transportation in the country. Technology footprints will be seen in many sectors,” he added.
He added that the benefits of women’s empowerment are visible across all sectors
“One crore women in self-help groups have become ‘lakhpati didis’, the number will increase to 3 crores in coming years.”
The government has strengthened the agriculture sector with micro planning ranging from farm to market, PM Modi said.
Stock Market Update July 3
Equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000 mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. The Nifty climbed 168.3 points to hit a fresh record peak of 24,292.15.
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers.
Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading in the positive territory while Shanghai quoted lower.
US markets ended higher on Tuesday.
The BSE benchmark declined 34.74 points or 0.04 per cent to settle at 79,441.45 in a volatile trade on Tuesday. During the day, it jumped 379.68 points or 0.47 per cent to hit a record peak of 79,855.87.
The Nifty declined by 18.10 points or 0.07 per cent to 24,123.85. Intra-day, it climbed 94.4 points or 0.39 per cent to hit a lifetime high of 24,236.35.
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