Indian markets log new highs even as global peers stare at losses

Experts say gains by Indian equities will be steady if is no crude oil price surge

Indian markets are consistently bookmarking new highs, even as the world’s two biggest markets are in deep red. Except for Indonesia, markets across Asia and Europe continue to languish, hit by headwinds, such as monetary tightening, fears of global recession, and crisis arising out of the Russia-Ukraine stand-off.

Equity gauges for China and Hong Kong are currently trading at half their record highs, while the technology-heavy Nasdaq is down more than 30 per cent. The Nifty on Tuesday surpassed its previous lifetime high made on October 19 on an intraday basis.

Most global markets have rallied in November — many