The Sensex today surpassed all previous records, the benchmark BSE Sensex and NSE Nifty hit their new lifetime highs to 28,260.66 and 8,447.40 respectively in early trade today on sustained foreign capital inflows, driven by positive domestic and global cues according to Press Trust of India. This upward surge started since the new government under the leadership of Narendra Modi took office. The pledge to gain the investors trust is truly coming along nice.
As mentioned in the report that investors in India and abroad have now a renewed confidence and have started to invest more money in the market which has led to this surge in the stock market. With India opening up its markets and making it easier for businesses to invest in a safe and business friendly environment the economic downfall that we had experience in the last five years is slowly coming to an end.
In the mean while there is bad news from Japan which is again looking into the barrel of a new recession which could have serious repercussions for all nations. Japan is the world’s third largest economy and this must make policy makers in India stand on their legs and re-strategies from an economic and strategic angle. However with oil and gas price falling which is a good news for us because to will help us stem the inflation in the coming times.