NSE world record :India’s economic fundamentals and growth prospects remain encouraging With the swearing-in of the new government led by Prime Minister Narendra Modi, top global brokerage firms and market analysts on Thursday said India’s economic fundamentals remain strong and the country’s growth prospects, inflation dynamics, current account position and fiscal progress are “all encouraging”.
Experts said India has several positive factors in its favour and historical data indicates that markets tend to perform well in the 6-12 months following election results. “There are no obvious bubbles in Indian corporate balance sheets, the banking sector or the property market. Debt levels of listed companies have come down, banks have consolidated with high capital adequacy, and real estate prices do not reflect bubble-like conditions despite strong demand,” according to an analysis by Yes Securities. Experts said Indian households continue to show confidence in equity markets, as evident from the rise in retail inflows into mutual funds. Meanwhile, they said the best is yet to come for FII investments.
Moreover, market analysts said the inclusion of Indian government bonds in global indices could boost the bond yields by 100% in the next three years.Billion DollarsThe government is expected to attract foreign capital inflows worth Rs 100 crore. According to global brokerage Nomura, reforms in India have generally stood the test of politics and “we expect the government to continue the pace of governance and administrative reforms, leaving the states to work on more difficult reforms around land and labour”.
Meanwhile, the National Stock Exchange of India (NSE) hasbusinessman A new world record was set for the highest number of transactions in a day. NSE CEO Ashish Chauhan said the exchange processed a record 19.71 billion orders and 280.55 million trades during trading hours on Wednesday. According to analysts, as the market is returning to normal, global manufacturing is turning favourable as the possibility of a rate cut by the US Federal Reserve is increasing. However, he added, “We have political stability in the near future, but political developments will continue to put pressure on the markets.”
#NSE #world #record #NSE #created #world #record #maximum #trading
2024-06-07 00:04:34