Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Indian markets received a second month of record FII flows in December, powering BSE Sensex, NSE Nifty and other indices to new records. The rally was driven by continued strong FII inflows in December which stood at a record Rs 62016 cr on the back of Rs 60358 cr inflows in November 2020. Continued improvement in underlying economic conditions coupled with a global risk on environment post the US elections has led to record flows into Indian equities.
India’s economic recovery has been quicker than expected. High frequency indicators like PMI numbers, power demand etc. continues to point to a quicker than expected recovery in the economy: Reuters