Investor confidence has increased as a result of declining inflation, strengthening fundamentals, recent data on the GST, PMI, car, and domestic air passenger numbers, and growing gross domestic products (GDP).
The BSE benchmark Sensex increased 0.4 percent to a record high of 63,588.31 points on June 21 as a result of ongoing foreign investor purchases of domestic stocks, which were made possible by strengthening macroeconomic conditions and anticipation of a prolonged pause in Reserve Bank interest rate hikes.
On Wednesday, the NSE Nifty touched a high of 18,875.90, falling around 10 points short of its all-time high, which was 18,887.60 points, set on December 1, 2022. On that day, the Sensex reached a high of 63,284.19 points.
After March 28, the Indian equities markets began to rise, and since that day, both benchmark indices have increased by almost 10%. During this time, foreign investors have purchased stocks worth about $8.28 billion.