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A year under Modi: Markets score 6/10

By Business Standard
Last updated on: May 26, 2015 09:35 IST
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BSE 500 and the benchmark Nifty gain 17% and 14%, respectively, in the past year

The Narendra Modi government has scored six out of 10, if the number of gaining and losing stocks from the broader market is an indication. A year after the government was sworn in, around 60% of the BSE 500 components gained, while the rest lost ground.

The BSE 500 and the benchmark Nifty gained 17 per cent and 14 per cent, respectively, in the past year. This is much less than the rally seen in the first years of the UPA I and II regimes. The market had rallied 10 per cent a fortnight before Modi took oath as PM.

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