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India, which became the world's most populous country in April 2023, is an emerging economy that naturally arouses great interest among international investors. But access to Indian stocks is not straightforward. So let's take a look at the main features of the Indian stock market.
"We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks," said SBI Securities in a note on Friday.
The total value of the top 500 companies in India declined marginally by 6.4% to Rs 212 trillion from Rs 227 trillion as of October 30,2022.
Extending its winning run to the eight straight day, the Nifty Smallcap 250 hit a new high of 10,535.25 before closing at 10,524.90, up 42.4 points or 0.4% from Monday's close.
Life Insurance Corporation of India (LIC), Kotak Mahindra Bank, Indian Oil Corporation, Hero MotoCorp, Hindustan Aeronautics were the most sold