Indian stock markets are going up when the economy is sliding down
The performance of India’s stock markets in recent weeks has proved, yet again, that there is little connection between what happens to the real economy and how investors bet on shares.
Today (June 18), BSE’s benchmark 30-stock Sensex ended above the 34,000-mark, rising by 700 points, while NSE’s Nifty 50 index breached 10,000 points, rallying by around 200 points.
The stocks are surging even as the Indian economy is headed in the opposite direction.
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