Friday, May 20, 2022
Outlook.com
Markets

Ambition Of The Vaulting Kind

The great Sensex spike is backed by reason, but grounded in hope. It might flatten out.

Ambition Of The Vaulting Kind
Photograph by Getty Images
Ambition Of The Vaulting Kind
outlookindia.com
2017-04-08T10:54:01+05:30

In the last couple of months or so, a few key developments have happened in India’s stock markets. First, the benchmark BSE Sensex has been on a gaining spree and has increased from 27,600 in January to within sniffing distance of a landmark 30,000 in April. Second, foreign institutional investors have invested more than Rs 30,000 crore in domestic equities. And, most importantly, the rallies at the markets have an important element that was missing from the markets in the past—domestic retail and mutual fund investors.

The prolonged, post-demonetisation bull run in the markets have not only market forces to thank, but also key factors in the economy and the political scene. Market sentiments are riding a remarkable crest of confidence in the government’s ability to ensure a stable political and economic situation for the foreseeable future.

Outlook Newsletters

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.