We are witnessing the beginning of a significant bullish phase in the Indian equity markets, signalling a promising decade ahead. After a 20-month wait, the Nifty soared past 19,000 recording lifetime highs. The Sensex also experienced a notable surge. This rally is attributed to positive global cues, improvements in India’s current account deficit, progress in the southwest monsoon, and strong foreign fund inflows. With continued upside momentum, the Nifty has the potential to reach even greater heights.
Read our take on why Indian markets bucked the global trend & emerged strong in June 2023 and also check out the Monthly Peer Group PMS report with performance data as of 30.06.2023.
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