No matter what Q3 GDP readings show, contrast in Indian equities and economy to continue
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New Delhi, Nov. 22 -- Driven by foreign money, India equity indices continue to soar higher. A big sentiment boost has come from the news of successful vaccine trials with higher effectiveness. At the same time, the risk of another wave of infections is still not out of the way. In the West, Covid cases are rising; in India, some restrictions are being imposed regionally.
But the market, which seems to be confident of a faster economic revival, has brushed off this concern for now. Key Indian equity benchmark index Nifty, which is currently at levels of 12859, may soon touch the psychological mark of 13000 if the ongoing momentum continues.
Speaking of economic recovery, India's third quarter gross domestic product data will be publishe...
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