Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. …
Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections. Sopa Images | Lightrocket | Getty Images Both the Nifty and Sensex hit record highs of 22,081.95 and 73,000, respectively, during Asia’s Monday afternoon trading session. The country is set to hold its general election between …
Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images Optimism about India’s growth prospects, increased liquidity and greater domestic participation have all contributed to the surge in stock markets. In fact, India’s stock market value …
As of the end of November, the National Stock Exchange of India was valued at $3.989 trillion versus Hong Kong’s $3.984 trillion. India’s Nifty 50 index has jumped nearly 16% so far this year and is headed for its eighth straight year of gains. Hong Kong’s benchmark Hang Seng index has plunged 18% year to …