Bloomberg analysts have suggested that by the end of 2022, the Indian stock market will show one of the best results among the world's largest stock markets. Only the markets of Singapore and Indonesia will show a higher increase. Since the beginning of the year, the S&P BSE Sensex index, which tracks the dynamics of shares of 30 largest Indian companies on the Bombay Stock Exchange (BSE), has grown by almost 4%. For comparison, the global MSCI All Country World index has lost about 20% over the same period. Experts also note that while the markets of Western countries were falling amid rising interest rates and fears of a recession, the Indian market, on the contrary, reached record values. The growth leaders this year were the securities of companies associated with billionaire Gautam Adani: some of them have more than doubled in price over the year. In addition, bank stocks showed strong dynamics due to a sharp recovery in demand for loans. The outsiders of the market were technology companies, whose quotes declined after recent IPOs, and issuers that outsource software. These companies have lost ground amid fears of declining demand for products abroad. However, the forecast for next year is not so favorable. Analysts expect the stock to lose momentum in 2023 due to its inflated valuations. A slowdown in global economic growth in the near term may also hit India.
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