Nifty, Sensex No Longer Represent The Indian Economy, Says Hiren Ved

With the market getting narrower and narrower at the top, the equity benchmarks no longer represent the economy, says Hiren Ved.

Snehal Galbaw

26 Oct 2020, 07:29 AM IST

Men look up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

The Indian economy has entered a new cycle and stocks a new bull market, but the Nifty 50 and Sensex are no longer representative of the economy.That’s according to Hiren Ved, chief investment officer at Alchemy Capital, which has more than Rs 4,500 crore worth of assets under management as of September.It’s no more like the old saying that the markets reflect the health of the economy, Ved told BloombergQuint’s Niraj Shah in an inte...

Nifty, Sensex No Longer Represent The Indian Economy, Says Hiren Ved

With the market getting narrower and narrower at the top, the equity benchmarks no longer represent the economy, says Hiren Ved.

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