Mumbai: Indian markets have not only recovered but also doubled from the crash in March following nationwide lockdown announced by the government to combat the spread of covid-19.
After the rally on Monday, benchmark indices Sensex and Nifty have jumped over 100% from the lows hit on 24 March while BSE Mid and BSE Smallcap surged 106% and 125% respectively in less than a year period.Since March lows, investor wealth has swelled by Rs101 trillion as they piled on stocks betting on a faster than expected recovery in the economy.Indian markets were higher for the sixth consecutive day and were at record highs on Monday mostly led by budget related optimism, while buying in global peers also supported investor sentiment.