Sensex’s fastest 10k jump to 60,000
The benchmark has scaled the new peak in 8 months.
The benchmark has scaled the new peak in 8 months.
The last fiscal was the worst year for the Indian economy since Independence, but it was the best one for equity investors. What strategy should investors follow if there is a correction—or a crash?
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.
At a time when India’s benchmark equity indices are hitting fresh highs every week, statistics show that gold is losing its safe haven sheen.
A cut in personal tax rates to spur consumption could lift shares of auto, consumer durables, and FMCG companies.