India Strategy - India Market Cap Hits $3 Trillion: Motilal Oswal
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Motilal Oswal Report
India’s market-cap yesterday touched $3 trillion mark, a momentous milestone in an exhilarating journey.
That it came amid the uncertainty and volatility caused by the once-in-a-century pandemic, makes the milestone even more special.
Global and Indian equity markets have seen an action packed CY20 with widespread lockdowns and restrictions impacting economies and corporate earnings.
Amid these chaos, market posted a sharp recovery in H2 CY20 and further built on it in CY21 so far.
As the second Covid-19 wave recedes in India (active cases down ~one third in three weeks from the recent peak) and pace of vaccination picks up in rest of the CY21, we hope and expect the journey will become little more smoother.
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