Sensex jumps over 3,000 points in 5 days; what is driving this market rally? Explained with 5 crucial reasons
1 week, 2 days ago

Sensex jumps over 3,000 points in 5 days; what is driving this market rally? Explained with 5 crucial reasons

Live Mint  

Indian stock market benchmarks, the Sensex and the Nifty 50, continued trading in the positive territory for the fifth consecutive session on Friday, March 21, with financial stocks leading from the front. Intensity of foreign capital outflow receding Signs of foreign portfolio investors slowly coming to the Indian stock market is a huge relief. Heavy foreign capital outflow, due to stretched valuations of Indian stocks and weak earnings, has been the main reason for the domestic market to be under pressure since October last year. Fitch Ratings expects the Indian economy to grow at 6.5 per cent in the next financial year, finding India somewhat "insulated" from risks related to US trade policies.

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