India’s publicly traded companies have surpassed a one-year peak in market capitalisation, exceeding Rs 467 lakh crore. This increase is attributed to a resurgence in foreign investor purchasing and heightened optimism regarding a potential India-US trade agreement. Over the last eight trading sessions, foreign institutional investors (FIIs) have been net purchasers in six of those days, contributing more than Rs 4,000 crore to the secondary market. In addition, domestic institutional investors (DIIs) have injected over Rs 18,000 crore. Analysts note that the surge was driven by festive demand ahead of Dhanteras, enhanced corporate earnings forecasts, and a continued drop in crude oil prices, which positively influenced overall market sentiment.
