The S&P BSE SENSEX is the benchmark index of the Indian equity market. The index is up around 9% so far this year. In this post, let’s take a quick look at the sector composition of Sensex. According to S&P, the Sensex “is designed to measure the performance of the 30 largest, most liquid and …
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The Indian economy is in a severe slowdown with the latest GDP falling to just 5%, the lowest in five years. Unlike developed countries’ GDP rate, 5% is considered a low rate for India since it is an emerging market and has been growing at a much higher rate like 7% or more. With the …
Continue reading ‘Corporate Tax Rate Cut Propels Indian Stocks’ »
The S&P BSE SENSEX Index of the Indian equity market soared recently after the re-election of the Prime Minister Modi. The index is up just over 10% year-to-date. Currently the index is trading in the 39,800 range within a striking distance of the 52-week high at 40,312. It remains to be seen if it can surpass …
Continue reading ‘On the Composition of India’s S&P BSE SENSEX Index’ »
The BSE S&P/SENSEX index of the Indian equity market reached an all-time high of over 39,000 in April. Since then it has drifted downwards and closed at 37,462 on Friday. The market is highly anticipating the results of the General Elections currently in progress. The election was held in multiple phases and after the final phase, …
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India lags China in terms of economic size but India is growing fast to catch up. Since the 1990s China’s GDP per capita has grown steadily and has reached about $10,000. India’s rate on the other hand stood at less than $2,000 in 2018. According to an article by Alva Devoy of Fidelity Australia, India today …
Continue reading ‘GDP per Capita of India vs. China: Chart’ »