The Indian economy is exceeding expectations, with a projected 7.6% growth in FY24 that surpasses other major economies.
Foreign portfolio investors returned to the Indian markets in March after staying away in February, showing renewed interest due to the country’s resilient market and the need to buy back shares they previously sold at higher prices.
The Sensex reached a record high, and the decline in US bond yields has halted the shift from equity to bonds. However, concerns exist about high valuations, particularly in mid and small cap segments.
Equity mutual fund inflows also rose significantly in February, with SIP contributions hitting a new high, indicating continued market resilience.
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