Key Points
NEW DELHI: Mirroring the strong growth of the Indian economy from sulking in the underdeveloped category to being recognised as an emerging superpower, the market capitalisation of all listed stocks on BSE has surged 30 times in the last 20 years...
In the rally which looks one-way on the larger time frame, the market cap crossed the Rs 50 lakh crore mark in 2007, Rs 100 lakh crore milestone in 2014, and the Rs 200 lakh crore-mark in February 2021...
"Investor sentiment as measured by our proprietary India Bull-Bear Index has swung from an extreme-bearish reading of 8.2% in mid-March 2023 (Contra BUY time) to an extreme-bullish 95.9% reading, after a 14.5% rally in the Nifty in about three months," said CLSA's Vikash Kumar Jain...
"Other than OMCs, we expect a strong YoY increase in the net income of (1) automobiles (led by Tata Motors), (2) banks (strong loan growth, decline in credit costs), (3) commodity chemicals (margin expansion) and (4) telecommunication (ARPU increase) sectors..
"Markets are increasingly factoring in a hyper goldilocks scenario which assumes that high inflation in the US and AE will glide back to normal without triggering a recession," said Dhananjay Sinha of Systematix Institutional Research...
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