The past year tells a tale of hope and expectations in India’s stock markets
What explains the cool disregard for fundamentals? In one word: Liquidity
Thanks to a shift in monetary policy by major central banks, investments by foreign investors increased considerably last year
Hope springs eternal in the human breast, which perhaps explains why some outrageously hopeful investors took India’s markets to greater heights in 2019, despite economic indicators getting progressively worse. The Nifty 500 index rose 7.7% last year, a marked improvement over 2018, when the index had fallen 3.4%.
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