Mumbai: The stock market is in the midst of a rally and analysts attribute it to the low valuation of Indian stocks, 50% of which are trading below one measure of their intrinsic worth.
On Thursday, the Indian equity market rallied for the second consecutive day as stable global markets and further steps by the US to stimulate its economy boosted investor sentiment and foreign investors rushed to buy stocks.
The Bombay Stock Exchange’s bellwether index, the Sensex, closed above the 9,000 level for the first time in almost a month. The index gained 0.28% on Thursday, following a 1.27% increase the previous day.
No comments:
Post a Comment