India among top performing markets globally in May. What lies ahead?

[lonelyman]

Markets cannot be faked. India's corporate sector are all reporting great returns in the past few quarters. Latest pandemic didn't stop the bull run. Obviously they don't get their knowledge on the Indian market from PDF.

I don't see India here, India markets is nobody in the world
https://www.statista.com/statistics/710680/global-stock-markets-by-country/

 

[Kyusuibu Honbu]

Shares in firewood and gasoline up!

epoch times very fitting to your bhakts IQ level

Telecom shares are down

21 Million Fewer Cellphone Users in India May Suggest a High Covid 19 Virus Death Toll

 

[lonelyman]

Telecom shares are down

21 Million Fewer Cellphone Users in India May Suggest a High Covid 19 Virus Death Toll

epoch times very fitting to your bhakts IQ level

Shares in firewood and gasoline up!

way way up, that's why millions of dead covid patients can't even afford being burned, thus getting dumped to the Ganges like a dog

 

[siegecrossbow]

India among top performing markets globally in May. What lies ahead?

Don’t ask me what the BJP gov will lie about next, I’m not a prophet.

 

[Kyusuibu Honbu]

you dig some 11 old garbage news? Bhakts this desperate

way way up, that's why millions of dead covid patients can't even afford being burned, thus getting dumped to the Ganges like a dog

Not something new

Indians having been dumping Babies in rivers in the past

Bodies of babies found dumped in Indian river

 

[lonelyman]

Not something new

Indians having been dumping Babies in rivers in the past

Bodies of babies found dumped in Indian river

you dig some 11 old garbage news with no proof? I have video and pictures to back it up for Ganges bodies.

Sad Bhakts become this desperate

Don’t ask me what the BJP gov will lie about next, I’m not a prophet.

haha, a good one

 

[FairAndUnbiased]

Telecom shares are down

21 Million Fewer Cellphone Users in India May Suggest a High Covid 19 Virus Death Toll

They are back up.

China: mobile subscriptions by month 2024 | Statista

As of March 2024, there were over 1.75 billion mobile cell phone subscriptions in China.

www.statista.com

Damn I'd be embarrassed to be Indian getting caught in lies that your masters don't even use anymore.

 

[Kyusuibu Honbu]

Damn I'd be embarrassed to be Indian getting caught in lies that your masters don't even use anymore.

You mean the ones Nehru planned to sell 10 million women

Nehru offered 10m women for trade with US

 

[FairAndUnbiased]

You mean the ones Nehru planned to sell 10 million women

Nehru offered 10m women for trade with US

No like how millions of Indians got starved to death and enslaved by Britain for 200 years

 

[Kyusuibu Honbu]

No like how millions of Indians got starved to death and enslaved by Britain for 200 years

Ahh British Great Leap forward

 

[lonelyman]

You mean the ones Nehru planned to sell 10 million women

Nehru offered 10m women for trade with US

Bhakts so desperate to take Mao's joke literally

If you want compare women's status between India and China, you just need pay a visit

 

[Amaa'n]

India among top performing markets globally in May. What lies ahead?

Despite the raging second wave of COVID-19, the Indian market put up an impressive show in May and featured among the top-performing markets globally.

After ending lower in April, the market bounced back strongly with benchmark indices - Sensex and Nifty - rising almost 7 percent each in May.

During the last month, the domestic market fared better than top global markets such as DAX (Germany), Hang Seng (Hong Kong), KOSPI (Korea), Dow Jones (US), S&P 500 (US) and Nasdaq (US), according to data from Investing.com.

However, year-to-date (YTD), some benchmark indices such as Taiwan Weighted, Euro Stoxx 50, DAX, Dow Jones and KOSPI have performed better than the Nifty and the Sensex.

Foreign portfolio investors (FPIs) took out Rs 1,958 crore from the Indian financial market in May. However, YTD they have invested Rs 49,468 crore in the Indian market, data from NSDL showed.

Nifty PSU Bank and media indices rose 18 and 14 percent, respectively, in May, outpacing other sectoral peers. Nifty Auto and realty rose 9 percent each.

On May 21, the market-capitalisation (m-cap) of BSE-listed firms hit the $3 trillion mark, making it the eighth biggest market in the world. In rupee terms, the m-cap of BSE-listed firms is at Rs 223 lakh crore as of May 31.

Sustained fall in COVID-19 cases, stimulus talks, mostly in-line March quarter earnings and assurance from major central banks that rates will remain low and the market will have adequate liquidity kept the market up.

What lies ahead?

Even as the market is at record high levels, some analysts believe the market may rise even further in days to come.

"Markets are at an all-time high and there is more room for upside as 1) FY21 has seen roughly 15 percent EPS growth on the Nifty stocks in spite of it being a pandemic year; 2) FY22 is going to be even better in terms of EPS growth compared to FY21 even after seeing a second wave and it’s going to be more broad-based corporate recovery this time around; 3) plenty of liquidity around; and 4) low cost of capital will keep valuations elevated," said Manish Sonthalia, Head Equities - PMS, Motilal Oswal Asset Management Company.

Manish Jain, Fund Manager, Ambit Asset Management believes due to the limited impact of COVID-19 on the overall economy and growth, the rally in quality stocks is here to stay.

"The overall shift will happen from medium and small enterprises to market leaders and hence even more of a reason to invest in quality names and market leaders. We do believe that financials, consumer discretionary names and chemicals are some of the sectors that should do well in the short to medium term," said Jain.

shady source...