India Posts First Quarterly Current Account Surplus in Year Amid Market Gains
India Posts First Quarterly Current Account Surplus in Year Amid Market Gains

India Posts First Quarterly Current Account Surplus in Year Amid Market Gains

News summary

Global and Indian stock markets demonstrated robust performance amid geopolitical tensions and positive economic indicators. Despite initial concerns over U.S. involvement in the Israel-Iran conflict, Wall Street's S&P 500 and Nasdaq reached record highs, supported by falling energy prices and strong investor confidence. In India, the Sensex gained 2% over five trading sessions, with midcap stocks showing consistent gains, reflecting a broad market uptrend. India's current account surplus of USD 13.5 billion in Q4 FY25, driven by record services exports and remittances, marked a significant economic milestone, narrowing the fiscal year deficit and enhancing macroeconomic stability. This improved economic backdrop underpinned strong investor enthusiasm for IPOs, with companies like HDB Financial Services and Sambhv Steel Tubes receiving substantial oversubscriptions, signaling bullish sentiment across sectors. Market analysts recommend a "buy on dips" strategy for Indian indices like Nifty and Bank Nifty, anticipating continued upward momentum supported by technical and fundamental factors.

Story Coverage
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d7684cee2-ff92-4e65-86b5-bfb0b188107d
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
1 day ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

26Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News