Quote on the BSE market cap hitting the $4 trillion mark from Satish Menon, Executive Director of Geojit Financial Services
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Below the quote on the BSE market cap hitting the $4 trillion mark from Satish Menon, Executive Director of Geojit Financial Services
"The BSE market cap's ascent to the $4 trillion mark signals the start of a fresh momentum in the stock market. Indian stock market is rallying due to solid Q2 earnings and a drop in crude oil prices. Domestic liquidity has provided support to the market, but the lack of foreign fund inflows due to high US bond yields has been a hindrance. Fortunately, interest rates in the US have peaked, and the dollar index is declining, which is expected to attract foreign institutional investors (FIIs) into the Indian equity market. The consistent decline in the Consumer Price Index over the past four months has also sent out a positive signal to the market. Despite the strong fundamentals, there may be some volatility in the market leading up to the state election results which are due on December 3. Having said that, we can definitely say that India's growth story remains intact, and the market will be on an upward trajectory going ahead."
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