Share Market: Nifty returns highest compared to world markets, gave a profit of 25 percent in one year

New Delhi| The National Stock Exchange (Nifty) has given the highest return of 25 per cent in a year compared to the world’s major stock markets. In second place is America’s S&P 500 with 22 percent. A strong domestic economy and increasing participation of retail investors are contributing to India’s stock markets.

Statistics show that America’s Dowjones and Nasdaq Composites have given 18 percent and 21 percent returns in a year. Germany’s Dax, China’s Shanghai Composite, Japan’s Nikkei 225 and Britain’s FTSE 100 have given advantages of between 17 and 10 per cent. South Korea’s Kospi has given a loss of one percent and Hong Kong’s Hang Seng has given a loss of five percent. Data shows that the Indian market remains better than global competitors. Despite rate hike by the US Central Bank, Russia-Ukraine and Israel-Iran wars, recession in America and Britain and other tensions, the Indian market has performed better than the world markets.

India’s corporate profit has increased from Rs 4 lakh crore to Rs 16 lakh crore in five years. When India’s economy is the fastest growing major economy, corporates are earning returns on equity along with profits, then in such a situation the markets will also perform better.
Analysts say the Indian market and economy are maturing to ignore negative global cues.

Bajaj Housing Finance’s IPO has broken all records. On Wednesday, the issue was filled 67 times. It had issued 72.75 crore shares. Application received for 4,622 crore shares. 3.24 lakh crore rupees were found compared to 6,560 crore rupees. Coal India had received applications worth Rs 2 lakh crore in 2008 and Mundra Port in 2007. Retail investors have applied 6.92 times to Bajaj. The share is trading 92 per cent higher at Rs 65 in the grey market. This initial public offering (IPO) has received 88.94 lakh applications. Earlier, the record of 73.5 lakh applications was in the name of Tata Technology.