Indian Stock Market Investors investing in the Indian Stock Market need not fear. Their investment in the Indian Stock Market is safer. This is because according to a report by brokerage firm Jefferies, Indian benchmark indices have remained more resilient amid the US economic slowdown. Whereas, the Dow Jones Industrial Average has seen its worst day in almost two years.
The risk of a US economic recession has now increased significantly, Christopher Wood, global head of equity strategy at Jefferies, wrote in a recent note. On the other hand, the Indian stock market “is much more resilient to the US recession and the related Wall Street sell-off than Japan.” That is, the Indian market is more robust. There is every possibility of the boom continuing here.
Unemployment increased in America
According to the report, US companies created 1,14,000 jobs in July, which is less than the expected 1,75,000. The unemployment rate has also reached its highest level in nearly three years and has increased to 4.3 percent. When it comes to India, the market here seems to be in a much better shape and more resilient, as we saw on Monday. The Indian stock market once again made a strong comeback on Tuesday.
Domestic investors maintain confidence in the market
According to analysts, the country’s domestic investors are always dedicated to defending the Indian stock markets. On Monday, domestic institutional investors (DIIs) bought Rs 9,155 crore, while FIIs sold Rs 10,073 crore. Meanwhile, foreign portfolio investors (FPIs) invested Rs 54,727 crore in equity and debt last month.
Input: IANS
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