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However, The Indian stock market has witnessed a drastic fall since the Sensex touched an all-time high of Rs 85,978.84 on 27 September last year with large-cap stocks leading the downslide. The benchmark index has plummeted by a whopping 10,000 points, or 11.79 per cent, over the past four months, marking a stark reversal of fortunes and ...
The Reserve Bank of India announced that it would conduct $1.35 billion in open market purchases of government bonds, [351] the Bank of Korea announced that it would conduct a ₩1 trillion ($793.5 million) repo auction the following day, [352] and the National Bank of Poland announced that it would conduct open market purchases of government ...
The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking , 13.76% to information technology , 12.12% to oil and gas , 8.46% to consumer goods , and 8.22% to automotive .
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The stock market has bounced back somewhat during the first few months of 2023. But it has not been significant enough to repair the damage of a nearly 20% drop in the S&P 500 index last year.
However, after reassurance from the Finance Minister of India, the market bounced back to close at 16,730 with a loss of 875 points. [ 66 ] Over the course of two days, the BSE SENSEX in India dropped from 19,013 on Monday morning to 16,730 by Tuesday evening or a two-day fall of 13.9%. [ 66 ]
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.