Indian stock gains second best globally

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp
Sensex, Nifty, NSE, BSE

By Administrator_ India

Capital Sands

Indian stocks market surged 76% from the lows of March—the second-highest gainer among the world’s 10 largest stock markets—propelled by hopes of an early vaccine against covid and greater weightage in MSCI indices.

Only Canadian stocks gained more—79%—while the US market, with gains of 73%, came in third. The Indian stock market now has a record market capitalization of $2.31 trillion.

Strong foreign capital inflows, thanks to loose monetary policies and the lifting of uncertainty following the US Presidential election, improved sentiments.

Retail investors also joined the rally; NSE’s daily cash market turnover on Friday touched a record 1.47 trillion.

MSCI on 11 November added a dozen Indian stocks to its indices, including Kotak Mahindra Bank, attracting more investors.

Foreign investor inflows in November were a record $8.32 billion, totalling $14.87 billion so far in 2020.

Among sectoral indices, IT and banking indices were among the biggest gainers since April, while telecom and FMCG firms were laggards.

Market experts say enthusiasm for Indian stocks may last for some time as earnings are also seen as favourable.

September quarter earnings showed a sharp improvement in operating profits, despite expectations to the contrary.

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Related News

All of our pros have indexed the most famous All of us cellular blackjack games offered, all developed by top software company. Whether you want to wager totally free or for real cash, they are of them we might recommend you to start by. It apple’s ios tool has high picture and also the tech capability to provide a slick, fast-moving online game out of cellular black-jack. Whether you’re to play via a software or thru a mobile gambling establishment within the browser, the newest game lobby and you can individual blackjack headings is not hard to browse and begin to play. The massive screen of your ipad makes it easy to love multi-table play if you wish to work on several game together with her.

Leave a Reply

Your email address will not be published. Required fields are marked *