News Brief
BSE Bull statue
Indian stock markets have staged a remarkable comeback, erasing this year’s losses as early indicators of government spending and monetary easing fuel investor optimism, as reported by The Economic Times.
On Monday (24 March), benchmark indices climbed up to 1.3 per cent, extending gains for a sixth consecutive session—marking the longest winning streak since September last year.
The surge comes as global banks, including Citigroup Inc., suggest that concerns over market overvaluation have begun to subside, easing the selling pressure seen since last year.
A key driver of this renewed bullish sentiment is the Reserve Bank of India's (RBI) liquidity infusion and the recent rate cut, which has provided much-needed support to the markets.
She also noted that earnings expectations are stabilising, further strengthening the market's upward momentum.
The Nifty index has surged 7 per cent from its March lows, recovering from a steep 16 per cent drop following its September peak.
The previous downturn had been driven by an economic slowdown and consistent foreign investor selloffs, but with improving domestic sentiment, the tide appears to be turning.