Reported 7 months ago
India's stock trading volume hit a record high as the broader market showed a strong recovery, with foreign buying contributing to the surge. Over the past month, the 10-day moving average volume on the country's exchanges increased by about 50% to $21 billion, according to Bloomberg data. Indian equities reached new record highs recently, fueled by optimism over Prime Minister Narendra Modi's ability to push forward reforms despite the new coalition government. However, Indian stocks experienced a significant dip on June 4 when Modi's party didn't secure a majority in the lower house of parliament.
Source: YAHOO