I remember writing last year about the surging Indian Sensex which was then the record high 13000. But look at the current Indian market, the Sensex has again broken all records and crossed the 19000 mark. That is awesome.


According to the Hindu article about the surging Sensex, India is in a sweet spot where economic activity is robust, corporate fundamentals are strong and there is a pent-up demand for Indian equities, especially from foreign investors. We believe that long term opportunities continue to be exciting and the market should reflect this over a period of time, though there might be some ups or downs in the near term,” said Sivasubramanian K.N., Senior Portfolio Manager – Equity, Franklin Templeton.
This rise came on the back of some strong sectors for which the macro picture is quite bright — power, capital goods, infrastructure and telecom. Companies from these sectors are now the favourites of the market.

On the same line USD (Unites States Dollar, $) is also falling flat against INR (Indian Rupees, Rs.). Over the last one year it has dropped from above 45 to below 39. It is over 12.5% appreciation in the value of Indian Rupees against USD. That is huge…

(Source Pictures : Yahoo Finance)


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