From the meltdown of March 2020, when the country went into lockdown to contain the Covid outbreak, the Indian stock market has rallied like no other.
The NSE Nifty and BSE Sensex have gained 134% and 131%, respectively, since March 23 last year. Among the major world indices, the Nasdaq is next with a rise of 119% in 18 months.
Last week, India pipped France to become the sixth biggest equity market globally by market capitalisation.
1. WEALTH CREATION
2. INDIA AMONG THE BIGGEST MARKETS NOW
3. LEGS TO THE RALLY
Market participants point to multiple reasons for world-beating rally
4. VALUATIONS STRETCHED