What’s Next for Second-Biggest Emerging Stock Market at Record
- India’s benchmark Sensex reaches peak after four-day rally
- Foreign inflows to stocks cross $8.4 billion in first quarter
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The biggest quarterly foreign inflow in six years. About $370 billion in value gained. And now, India’s stock market just hit a record high -- its first in seven months.
The equity benchmark index for the world’s second-largest emerging market rose 0.5 percent Tuesday, closing above the 38,896.63 level that was required to make the milestone official. India is the first among markets valued at more than a $1 trillion to hit a peak this year.