Mumbai, Dec 26
India’s equity markets soared to record highs, firmly establishing the nation with a market capitalisation of $5.29 trillion this year, which was the fourth largest market cap globally after the US, China and Japan, a report said on Thursday.
Benchmark indices Nifty and Sensex hit all-time highs of 26,277.35 and 85,978.25, respectively, this year, according to the report by Pantomath Group, a leading financial services conglomerate.
GDP growth stood at 8.2 per cent in FY24, surpassing expectations, although inflation and weak consumption slowed growth in first half of FY25.
“A rebound is anticipated, driven by government spending, private investments, and rural growth revival,” the report mentioned.
According to Madhu Lunawat, CIO and Fund Manager, Bharat Value Fund, there are many opportunities available for both domestic and global investors such as AIF, PMS, Mutual Funds, etc. for medium-term investments perspectives, to participate in India's long term growth story.
“The investor’s preference towards equity as an investment avenue based on their Risk appetite is constantly increasing in the last couple of years as compared to earlier. Such kind of sustainable fund flow from different investors is a positive sign and this liquidity will help market to support in any kind of correction or declines,” Lunawat noted.