• Wednesday, May 25, 2022

Business

Indian stock markets close at record highs

By: Sarwar Alam

Indian stock markets closed at record highs on Monday (3), buoyed by increased investor confidence in the domestic economy and in line with rises across Asia. Analysts said traders were betting on economic reforms following the Indian government’s recent massive victory in a key state election, while the indices were also being lifted by recent rallies in some international equities. “The Uttar Pradesh election is a factor and demonetisation is behind us. Most importantly GST (goods and services tax) will get approved in July and that’s positive,” said Rahul Shah, an equities analyst at Motiwal Oswal Securities. “But it’s not…

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