Indian Markets Surge as Economy Demonstrates Resilience

India’s stock markets are experiencing a significant boost as the BSE Sensex and NSE indexes soar, driven by a healthy economy and enthusiasm from foreign investors. The BSE Sensex rose by 572.67 points to 79,246.92 and the NSE index climbed 176.15 points to 24,044.95, reflecting confidence in India’s economic stability and policy continuity. Foreign investors are showing a strong interest in local stocks, leading to a slight uptick in the Indian rupee against the US dollar.

With increased foreign investment, India’s financial markets are thriving. Traders are closely watching the benchmark 10-year bond, with a steady yield of 7.0024%, anticipating further inflows before the country’s inclusion in a global debt index. Positive sentiments are evident as overnight index swap rates show slight upticks, indicating optimism about future market performance.

India’s economic growth is supported not only by strong fundamentals but also by resilient policy measures attracting foreign investment. The country’s overnight call money rate, at 6.70%, highlights a robust financial system, along with stable TREPS rates. As India prepares for inclusion in a global debt index, the outlook points to sustained growth and an increased appeal in the global financial landscape.