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India's Q&M Dental has gone crazy about stocks: the index has doubled in five years, and young people are rushing in frantically, treating the stock market as a casino and hoping for a sudden wealth overnight.
In recent years, the Indian stock market has set multiple historical highs, with the Nifty 50 index doubling within five years. The once deserted Indian market has been inundated with millions of retail investors and gamblers who are eager to get rich overnight.
India Growth Likely to Slow But Keep Outpacing Regional Peers -- Market Talk
India's economy will likely slow this year from 2023, but remain the fastest-growing in developing Asia, ADB says in a report.
India's Goods Exports, Imports Grow in June
India's total exports, merchandize and services, increased by 5.4% on year in June to $65.47 billion, while imports rose 6.29% in the same period to $73.47 billion, reported the Ministry of Commerce and industry (MCI) on Monday.
After reaching a new high, the Indian stock market took a short break. Mahindra's drag caused the large cap to experience the largest drop in over a month.
After reaching a historical high on Tuesday, the Nifty 50 index in India fell back on Wednesday.
India's IPO frenzy attracts retail investors, and new shares soar 57% to lead the market.
According to the Zhitong Finance APP, with the rise of new stocks far exceeding the SSE mega-cap index and overseas markets, it is expected that individual investors will continue to flock to India's IPO market this year.
Political and economic prospects boost attractiveness, with foreign banks becoming the largest long position in Indian bonds.
According to the Zhicheng Financial APP, in recent weeks, foreign banks have become the largest investors in India's trillion-dollar sovereign bond market due to India's economic prospects and stable currency.