Narendra Modi becomes 75: Sensex, Nifty rises to 240% below the 11-year tenure of the Prime Minister; Little Captain shines the most

Narendra Modi Birthday: India’s Prime Minister Narendra Modi, who currently serves his third term as the country’s leader, turned 75 today, September 17. His time in office coincided with significant developments in the Indian stock market, making it an appropriate moment to reflect on market performance during this period. Before its first term, the market was full of anticipation of reforms, but the scope of the composition was greater than expected. From May End (May 26, 2014), when he took oaths, until today, September 2025, Nifty and Sensex increased almost fourfold. Then the Nifty index hangs around the 7.360 point, and currently it is trading above 25,100 levels, which amounts to returns of 240%. The BSE counterpart Sensex was at 24,690 levels and has now climbed to more than 82,000 – which marks the profit of almost 235%. The right story lies in a broader tendency. The S&P 500 index also contracted about 245% during this period, while Sensex and Nifty rose the Dow Jones, which rose 175% during this period. But for India’s stock market, the right story lies in width. The BSE 500, which, just like the S&P 500, exists of a similar amount of shares and captures the broader universe, produced a return of almost 288%, while the BSE Midcap and BSE smallcap indexes emerged as real outwear. The BSE Smallcap index jumped by 491%, while the BSE Midcap index rose by 435%. “This means that wealth creation was not limited to some big names – the broader market of India fared largely better. In comparison, the Dow Jones moved from 16,717 to 45,883, increased by 174.6% and the S&P 500 rose about +243.9%, moving from 1,923 → 6,615. at Invasset PMS. Although the Indian stock market has emerged as a laggard in the current year, the returns are that the index darkens far. The MSCI EM index rises only 27%within 11 years. The policy of the Modi government, which increases investor participation and Capeex revival, was the most important drivers behind the stock market. From reforms such as GST, IBC, to PSU Bank recruitment, and direct benefits, the government has focused on improving efficiency and financial inclusion. Furthermore, the focus on Capex has also fueled the growth for listed companies from sectors such as railways, infrastructure and defense. In FY26, the budget allocates £ 11.11 Lakh Crore (3.4% of GDP) to capital expenditure. A boom in retail participation, especially since the Covid-19 pandemic, was also a driver of the stock market. According to the economic survey, participation in investors contributed to the growth in the secondary market, with the number of investors growing from 4.9 crore in FY20 to 13.2 crore from December 31, 2024. Sectoral momentum: car, most modes of modes – cleaning bank balance, infrastructure spending and encouraging manufacturing – is visible in sector. The bank Nifty jumped 259%, even though the Nifty Psu Bank index growth was slower at about 80%. “The growth of Nifty Bank reflects the journey of NPA-loaded balance sheets to stronger capital ratios and double-digit credit growth. In contrast, Nifty PSU Bank is a reminder that reforms lasted longer to regain state-owned financiers,” Dasani said. Meanwhile, infrastructure and energy themes, supported by Record Public Capex and a focus on confidence, performed well. Nifty energy rose 244%, while the Nifty CPSE index added 147%. At the same time, the consumer -oriented Nifty Auto agreed most in the last 11 years and jumped 316%. The latest round of GST rate cuts also makes an important contribution to this increase. The Nifty IT index also followed with a rally of more than 300%, a proof of India’s technical leadership. Share market prospects: Is 1 lakh -brand feasible? However, the Indian stock market is stuck in Limbo. With Sensex in the red over the past one year, is the question of whether the 1,00,000 mark is probably staying in the next four years of its term? With a corporate earnings expected to grow at a CAGR from 10 to 12% over FY26–27, along with the moderation of global rates and stable oil, it is accessible within the current term of modes, says Dasani. The risks remain worldwide: a sharp rough rise, global recession or distraction of cyclical products. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.