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India<\/strong> continues to grow and is increasingly weighing on the global economy. The Bombay Stock Exchange<\/strong> on Friday saw a record rise in its opening session, with the Sensex<\/strong>, India’s main stock index<\/strong>, rising above 60,000 points<\/strong> for the first time in its history as investors expressed optimism about the prospects of a post-Covid economic recovery. Meanwhile, the Nifty50<\/strong> index of technology stocks also hit a record high of 17,947 points<\/strong> in early trade.<\/p>\n The stocks on the Bombay Stock Exchange<\/strong> are experiencing significant growth despite the coronavirus pandemic, and have thus doubled their value since April 2020. Investor enthusiasm is based primarily on a continued strong economic recovery and sustained growth over the next two years.<\/p>\n The rise of the Bombay Stock Exchange<\/strong> is mainly based on the strong growth of real estate, financial, banking and IT stocks.<\/p>\n The Indian stock market<\/strong> could reach more than 5,000 billion dollars<\/strong> and become the fifth largest in the world by 2024, thanks in particular to the listing of an ever-increasing number of start-ups, according to a note from Goldman Sachs<\/strong>. The investment bank estimates that nearly $400 billion<\/strong> in market capitalisation could be added through new IPOs over the next two to three years.<\/p>\n The Bombay Stock Exchange<\/strong> is currently the world’s seventh-largest exchange in terms of market capitalisation and its importance is expected to continue to grow if its growth does not falter.<\/p>\n <\/p>\n Read also > THE ASIAN STOCK MARKET IN TROUBLED WATERS<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Advantus Media[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n India<\/strong> continues to grow and is increasingly weighing on the global economy. The Bombay Stock Exchange<\/strong> on Friday saw a record rise in its opening session, with the Sensex<\/strong>, India’s main stock index<\/strong>, rising above 60,000 points<\/strong> for the first time in its history as investors expressed optimism about the prospects of a post-Covid economic recovery. Meanwhile, the Nifty50<\/strong> index of technology stocks also hit a record high of 17,947 points<\/strong> in early trade.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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India, the world’s 6th largest economy in 2021, has been experiencing a historic rise in the Bombay Stock Exchange for several days, which could be propelled to 5th place worldwide. Temporary or permanent trend?<\/h4>\n
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