India city Mumbai covid-19 president pandemic Government India city Mumbai

Amid covid-19 Indian markets see biggest quarterly rally since 2009; gain 20%

Reading now: 119
www.livemint.com

Mumbai: Despite covid-19 severely hampering economic activity in the last three months, the April-June period saw the Indian stock markets clock their best quarterly gains since the September quarter of 2009.The rally is largely driven by optimism of economic recovery post reopening of the country and a gush of liquidity flowing into the Indian markets, especially foreign capital.According to a Mint analysis, Indian benchmark indices Sensex and Nifty gained nearly 20% in April-June, as against a decline of 28% and 29% in the previous quarter.Both BSE Midcap and BSE Smallcap indices were up 24.29% and 29.68% respectively in the June quarter.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA