S&P BSE industrials index surges almost 54% this year
Edited By WION Video Desk
Published: Nov 27, 2023, 05:10 IST | Updated: Nov 27, 2023, 05:10 IST
The Indian stock market is seeing a tectonic shift toward industrial stocks. Long seen as a consumption-driven economy, India is now transforminh into one driven by manufacturing. This shift is creating new opportunities for infrastructure companies and boosting their stocks. The S&P BSE industrials index, which includes makers of bridges, helicopters and wind turbines, has surged almost 54% this year. The combined market value of its 214 members has risen by about $125 billion.
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