Reported about 1 year ago
After the conclusion of the Indian general election, despite not having the anticipated overwhelming victory, the Indian stock market initially fluctuated. However, with the release of market pressures and a return to fundamental analysis, boosted by India's robust economic growth and the continuity of Prime Minister Modi's policies following his reelection, market confidence has rebounded. This led to a surge in the Indian stock market, reaching historic highs, and corresponding gains in Indian stock funds. Various Indian stock funds have shown positive returns in recent months and throughout the year, with some funds performing exceptionally well. Fund managers attribute this performance to factors such as India's strong economic indicators, including high PMI figures and GDP growth rates, as well as government initiatives focusing on infrastructure and development, signaling stability and growth for the market.
Source: YAHOO