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Sensex Navigates Through 'Year Of Crisis' To Outshine Global Peers
Sensex navigates geopolitical gyrations to outshine global peers in 'year of polycrisis' After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. But, the unwavering faith of domestic investors kept Dalal Street relatively unscathed and the Indian benchmarks shrugged off the gloomy cues with aplomb. The share of retail investors' shareholding in NSE-listed firms reached an all-time high of 7.42 per cent (around Rs 19 lakh crore) as on March 31, 2022. Other economic indicators like GDP and PMI too recovered well post-pandemic," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. "The driving force behind India's outperformance was the strong corporate earnings growth of 24 per cent CAGR over FY20-22 as well as pick up in capex by the central government, which revived the Indian economy from the COVID-led slump," he added. India's valuation will reduce to a long-term average due to shuffling by foreign investors and a slowdown in domestic earnings growth. Source- NDTV
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