India’s equity market bubble may burst soon

News Today 21.07.2021

This equity market exuberance at a time of severe socio-economic distress has prodded the Reserve Bank of India (RBI)’s annual report (2020-21) to state: “This order of asset price inflation in the context of the estimated 8 per cent contraction in GDP in 2020-21 poses the risk of a bubble.” An analysis in the same annual report though sees “a part of Sensex increase” as “rational”, being supported by improved corporate earnings. (Read More)

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