Strong economy, steady inflows power India's Nifty to best fiscal since 2021 [Reuters]
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Source: Reuters
year, ending March 31, powered by a booming economy and strong fund inflows that helped mark the best year for domestic stocks since a post-COVID bounce in fiscal 2021. Reuters Graphics Aided by the rally in domestic equities, the overall market capitalisation of all National Stock Exchange (NSE) -listed stocks jumped $1.5 trillion, or about 49%, over the last twelve months, to a near record high of $4.56 trillion. India's growth has also outpaced its Asian peers, with the domestic economy speeding towards growth of 7.6% in fiscal 2024, the fastest among large economies. India's stock benchmarks were among the best performing indexes globally in fiscal 2024, only outperformed by the Nasdaq (.IXIC) , opens new tab Reuters Graphics The Nifty also recorded its biggest rise in fiscal 2024 since 2021 when record high foreign inflows powered a 71% rise from COVID-19 led lows. Previously, the biggest gain for the index was in fiscal 2010 when stocks rebounded from a drop post the g
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Sec Filings
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- UL's page on the SEC website