Nifty 50 set record highs 32 times in 2024, up 11% from June 4 low

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Also Read: Defence stocks surge up to 20% with Paras Defence, HAL, Garden Reach Shipbuilders, Mazagon Dock at record highsWith political stability and consistent policy frameworks in place over the last decade, India has emerged as a favored investment destination for global funds, despite its relatively high valuations. During this period, the Nifty 50 index has surged by over 210%.Prime Minister Modi’s ambition of making India a developed country by 2047 should continue focusing on infrastructure, Make in India, energy self-reliance, defence, etc.

However, increased focus should also be seen in mass developmental projects like employment, rural income, water for all, electricity for all, and poverty eradication, according to the analysts.From the lows of 21,281 points on June 04, the index surged 10.70% over the subsequent nine sessions, underscoring its resilience and investor confidence in the market.Also Read: Market not in a bubble, still below the long-term trendline, says Devina MehraWith political stability and assured policy continuity, foreign investors have resumed their buying spree in recent weeks, bolstering the market to trade at elevated levels. In the past two weeks, $2.4 billion has been allocated to India's dedicated funds, marking the fastest momentum in history, according to domestic brokerage firm Elara Capital.

Many funds that were previously waiting for clarity on the election outcome have now been actively deployed into India, resulting in a crowded move into the market. The largest inflows came from US investors ($700 million), followed by Ireland ($447 million) and Japan ($433 million).