look news india
Another thing for India to be proud of. India has reached second place after America and China in terms of well performing markets globally.
India is the second best performing global market in the first half of FY 2024-25. The first place in this list is of Hong Kong. After Hong Kong and India, Singapore, America and China are in this list. If the Hong Kong market had not boomed, India would have topped the list. Whereas during this period the stock markets of France, Japan and South Korea had retreated. The stock markets of these countries fell by 5.58 percent to 6.95 percent. Hong Kong's Hang Seng rose 17.5 percent in September. Out of which an increase of 16 percent was recorded in the last five sessions only. On the other hand, the Indian market continued to remain strong in the first six months of 2024-25. The market decline in May is an exception. The benchmark Nifty 50 index rose every month in the first six months of the current year. The main reason for the rise in the stock market in India is the steady investment inflow. After the general elections held in India in May, a government was once again formed under the leadership of BJP. At the same time, India's economic outlook also remained unchanged.
Domestic mutual funds added Rs 1.8 lakh crore in the first half of 2024-25. Whereas shares worth Rs 92,400 crore were bought by foreign investors. All NSE sectoral indices rose in the first six months. In which consumer durables, auto and metal stocks performed well.