In early 2020, due to the Covid-19 pandemic and the nationwide lockdown, the Sensex had crashed. As cases rose, there was a massive global selloff. Small businesses and individuals at the bottom of the pyramid were worst hit by the pandemic. But the stimulus measures and steps taken by the government led to record foreign portfolio investors (FPI) inflows. A system flush with liquidity, low interest rates, and impressive corporate results in the second and third quarters resulted in the continuously rising Sensex. The BSE mid cap index has risen over 80%, and the small cap index by over 95%. Almost all major sectors have participated in the rally.
https://indianexpress.com/article/explained/sensex-at-50000-explained-for-investors-7156561/
FPIs are expected to bring more funds
into Indian equities in the coming financial year as global interest rates
remain low and India’s economic fundamentals make the country an attractive
investment destination. However, the markets are trading high, and negative
news may lead to a correction.
India's stock market is now the seventh biggest in the world, up three spots, as total market capitalization increased to $2.7 trillion. It is now bigger than Canada, Germany and Saudi Arabia and may overtake France to become the sixth biggest in the world. Total market capitalisation of France now stands at $2.86 trillion. It is also the second-best performer among the top 15 countries in 2021.
https://www.timesnownews.com/amp/business-economy/markets/article/indias-stock-market-now-7th-biggest-in-the-world-as-bse-m-cap-surges-to-2-7-trillion/717342
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1 comment:
From my friend MC: It should surge more in the next 5 years as GDP growth expected above 10% yoy
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