INDIAN STOCK MARKET BOOM IS PRESENTLY TRIGGERED BY LOW INFLATION AND POLITICAL STABILITY
2024 PROSPECTS LOOK POSITIVE UNLESS THERE ARE FRESH TREMORS IN GLOBAL ECONOMY
2023-12-12 10:52
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Bombay Stock Exchange (BSE) and National Stock Exchange spearheaded Indian stock market has unmistakably remained under the spell of bulls, occasional corrections in some odd sessions always more than made good afterwards notwithstanding. To the delight of who came in early, the S&P BSE Sensex beat the magical 70,000 barrier for some time on Monday while the Nifty 50 took a leap beyond 21,000 and then settled lower at 20,997. Today on December 12, once again it crossed 21,000. The leap of faith in Indian stocks despite two conflicts with serious global ramifications – Russia’s invasion of Ukraine and Israeli stubbornness to punish the Palestinians to no end – that have potential to take further uglier turns, is remarkable.