Profitable Companies, Robust Economy: How They Impact Investor Confidence
Representative Image (National Stock Exchange of India Limited – NSE) The latest NSE report sheds light on the pivotal role of domestic investors in the recent bull run, contrasting the reduced involvement of foreign investors. “Strong corporate earnings and higher-than-anticipated GDP growth have attracted domestic players, both direct and indirect, to take center stage in the markets as foreign interest wanes,” NSE explained. This shift underscores the evolving market dynamics, with local investors stepping up to fill the void left by their foreign counterparts. The report also paints an optimistic picture for the Indian equity markets, buoyed by robust growth projections for the Indian economy. FY24 marks the third year of significant economic expansion, with a GDP growth rate of 8.2%, following impressive growth rates in the previous two years (9.7% in FY22 and 7.0% in FY23). This consistent pattern of over 7% annual growth solidifies India’s economic prowess. Reinf...