Indian equities are set to cap a record eighth straight year of gains, with the drivers of the rally transcending the nation’s largest companies.
Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are among those leading the gains, while Adani Group companies — the heavy hitters of 2022 — are mostly finishing with losses despite a rebound in recent months.
ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMamlmamdkvbO7z56prbFdrLavv4yboKBlkZmur7WMpZigq12eu26%2F056jpZmiYsamrdFmnaiqXZ67pbXAp2SsrJ%2BYuLQ%3D