The writer is a financial journalist
The Indian stock market is in a sweet spot. The Nifty 50 index is up 30 per cent in the past year and 90 per cent over five years. Domestic flows into the market have now been positive for three years in what analysts at Morgan Stanley describe as a dream run.
At the same time, as the bank points out, geopolitical dynamics are driving both foreign direct investment and portfolio flows towards India.
The capitalisation of listed companies in Mumbai has overtaken Hong Kong.
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