look news india
Between April 1 and April 17, indices like Dow Jones, Nasdaq, Nikkei, Kospi fell by 4% to 6%, whereas the Indian Nifty fell only by 1.4%.
After a 2,500-point drop in the Indian stock market on the first day of trading on Monday, investors were happy to see a sharp recovery in the market in just two days. On Wednesday, the stock market once again saw a rise. The Sensex closed up 875 points and the Nifty up 305 points. That is, it can be said that compared to other markets in the world, the Indian stock market has once again taken a bullish trend after facing major shocks like recession in the US, political crisis in Bangladesh, interest rate hike by Japan. The credit for which is given to India's strong economic growth, mutual fund inflows. Indian equities have declined slightly in the last two years amid heavy selling in global markets. A sharp decline in the domestic market was averted due to domestic money inflows. To prevent the yen from declining against the US dollar, the Bank of Japan has recently raised its interest rate from almost zero to 0.25 percent. As a result, Asian markets fell by 4 percent to 11 percent in the last five trading sessions. While the Nifty fell by 3.8 percent.
However, compared to other Asian markets, the Indian stock market got strong support from the country's economic growth and the recently released first quarter results of companies. Also, domestic financial flows prevented Indian markets from breaking further due to the strong fundamentals of Indian companies. Since 2022, domestic institutional led by mutual funds has invested Rs 7.34 lakh crore in Indian stocks. Which also proved to be an important support for the Indian stock market. At the same time, during this period, foreign institutional investors sold shares worth Rs 85,000 crore. But due to local money flow, this sale was not affected much.