The benchmark S&P BSE Sensex has more than doubled from its Covid-induced nadir in March last year, with gains accelerating this month as it continues to extend record highs.
Investors are betting the easy money won't end anytime soon, with RBI Governor Shaktikanta Das keeping a lid on dissent as he nurses the economy back from its pandemic lows.
Easy money fuels inflation and world-beating stocks in India indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
That recovery in consumer optimism may be just around the corner, according to a survey by the Reserve Bank of India. While households were downbeat about the current economic conditions, they are hopeful about the year ahead prospects, the RBI said.