[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
India, the world’s 6th largest economy in 2021, has been experiencing a historic rise in the Bombay Stock Exchange for several days, which could be propelled to 5th place worldwide. Temporary or permanent trend?
India continues to grow and is increasingly weighing on the global economy. The Bombay Stock Exchange on Friday saw a record rise in its opening session, with the Sensex, India’s main stock index, rising above 60,000 points for the first time in its history as investors expressed optimism about the prospects of a post-Covid economic recovery. Meanwhile, the Nifty50 index of technology stocks also hit a record high of 17,947 points in early trade.
The stocks on the Bombay Stock Exchange are experiencing significant growth despite the coronavirus pandemic, and have thus doubled their value since April 2020. Investor enthusiasm is based primarily on a continued strong economic recovery and sustained growth over the next two years.
The rise of the Bombay Stock Exchange is mainly based on the strong growth of real estate, financial, banking and IT stocks.
The Indian stock market could reach more than 5,000 billion dollars and become the fifth largest in the world by 2024, thanks in particular to the listing of an ever-increasing number of start-ups, according to a note from Goldman Sachs. The investment bank estimates that nearly $400 billion in market capitalisation could be added through new IPOs over the next two to three years.
The Bombay Stock Exchange is currently the world’s seventh-largest exchange in terms of market capitalisation and its importance is expected to continue to grow if its growth does not falter.
Read also > THE ASIAN STOCK MARKET IN TROUBLED WATERS
Featured photo : © Advantus Media[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
India, the world’s 6th largest economy in 2021, has been experiencing a historic rise in the Bombay Stock Exchange for several days, which could be propelled to 5th place worldwide. Temporary or permanent trend?
India continues to grow and is increasingly weighing on the global economy. The Bombay Stock Exchange on Friday saw a record rise in its opening session, with the Sensex, India’s main stock index, rising above 60,000 points for the first time in its history as investors expressed optimism about the prospects of a post-Covid economic recovery. Meanwhile, the Nifty50 index of technology stocks also hit a record high of 17,947 points in early trade.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Advantus Media[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
India, the world’s 6th largest economy in 2021, has been experiencing a historic rise in the Bombay Stock Exchange for several days, which could be propelled to 5th place worldwide. Temporary or permanent trend?
India continues to grow and is increasingly weighing on the global economy. The Bombay Stock Exchange on Friday saw a record rise in its opening session, with the Sensex, India’s main stock index, rising above 60,000 points for the first time in its history as investors expressed optimism about the prospects of a post-Covid economic recovery. Meanwhile, the Nifty50 index of technology stocks also hit a record high of 17,947 points in early trade.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Advantus Media[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
