As of February 13, 2023, the benchmark index of the Bombay Stock Exchange (BSE), the S&P BSE Sensex, is trading higher.
- The Indian stock market has been performing well in recent months, driven by positive global cues, expectations of a better-than-expected earnings season, and positive vaccine news.
- The Indian government has recently announced several measures to boost the economy, including infrastructure spending and measures to support the real estate and banking sectors.
- The Indian central bank, the Reserve Bank of India, has maintained a accommodative monetary policy stance, which has helped support the stock market.
- Some analysts are cautious about the near-term outlook for the Indian stock market, as rising inflation and interest rates may weigh on investor sentiment.
- Despite these concerns, many believe that the Indian stock market will continue to perform well over the long-term, driven by India’s strong economic fundamentals and growing middle class.