ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

India sees simultaneous stock rally and financial turmoil

While Sensex index has hit record highs, bank downgrades signal trouble ahead

On June 3, the benchmark BSE Sensex closed above 40,000 for the first time.   © Reuters

TOKYO -- India is witnessing the unconventional combination of a historic stock rally and a mini-financial crisis.

On June 3, the benchmark BSE Sensex stock index closed above 40,000 for the first time. The rally is stimulating the economy, with higher stock prices increasing the financial assets of the affluent, prompting them to spend more and in turn pushing share prices yet higher.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more