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India's liquidity-driven stock market rally to dry out next year

Ultra-easy monetary policy from the Reserve Bank of India was the primary domestic driver of that rally

Stock market, markets
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Reuters
India's liquidity-driven stock market rally is expected to cool next year as global and domestic monetary policy starts to tighten, according to a Reuters poll of analysts who expect corporate earnings to rise further.

Despite slumps during two damaging waves of the COVID-19 pandemic, the benchmark BSE Sensex Index has surged nearly 120% from a record low of 25,638.9 hit in late March last year, when the country's first lockdown started.

Ultra-easy monetary policy from the Reserve Bank of India, which has slashed its repo rate by 115 basis points to 4.0% since the start of the pandemic and injected

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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