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Indian stocks hit record highs

Financial and energy stocks pushed Indian stocks to new all-time highs on Monday, buoyed by the ruling party’s key victory in state elections. As of the close of the 4th, the Indian SENSEX30 index rose more than 2% at the end of the day, hitting a record high.

With a total market capitalisation of $3.56tn, India’s stock market is the fourth largest in the world, just shy of an all-time high of $4tn. Since the epidemic’s low point in March 2020, the market value of securities listed on India’s exchanges has tripled to $3.93 trillion as of Friday. India’s National Exchange Nifty 50 index climbed to a record high that day. The Nifty50 is up nearly 14% this year.