Indian markets soar to 7th spot in world! Market Guru Anil Singhvi unveils strategy to reach top 3 in list
Stock Markets With Anil Singhvi: In a huge achievement, Indian stock market became the 7th largest in the world when its market cap crossed Rs 2 lakh crore during the intraday trade session.
Stock Markets With Anil Singhvi: In a huge achievement, Indian stock market became the 7th largest in the world when its market cap crossed Rs 2 lakh crore during the intraday trade session. Zee Business Managing Editor Anil Singhvi said that it's time to celebrate, but one should not get defocused as we need to come into the 3rd spot globally.
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On what to do, or strategy to adopt, in this regard, Market Guru said that India needs to come with more LIC like IPOs and now its time to allow overseas companies to get listed in the Indian indices too. He added that we can't afford from now on to rely just on Reliance Industries, TCS, Wipro and other large-cap stocks to lift Indian stock market into the top 3 rank.
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दुनिया में 7वें पायदान पर पहुंचा भारतीय शेयर बाजार...
अनिल सिंघवी- विदेशी कंपनियां भी हों भारत में लिस्ट, सरकार LIC जैसे और IPO जल्द लाए...#EditorsTake #NSE #BSE #IPO #LIC @AnilSinghvi_ @FinMinIndia @nsitharaman @ianuragthakur @SecyDIPAM @LICIndiaForever @NSEIndia @BSEIndia pic.twitter.com/0WRsicVykG
— Zee Business (@ZeeBusiness) February 5, 2021
Singhvi said, "We need to give investors more and more options for investments. For that, there is need for the government to come with more LIC like IPOs. More companies getting listed at BSE and NSE means more option for the stock market investors."
On Indian stock market reaching the prestigious 7th spot in the world, Anil Singhvi said, "For the first time in the history of Indian stock market, it has crossed Rs 2 lakh crore market cap, which is remarkable and now we have become 7th largest stock market in the world. So, it's time to celebrate but one should not forget that now the target is to reach the top 3 spot."
On how to attract FIIs towards Indian markets, Zee Business Managing Editor said, "FIIs play a major role in any country's growth. To attract more FIIs towards Indian stock market, we should allow overseas companies to get listed here as our companies are listed in overseas bourses. Now, to increase the market cap of our stock market."
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