The Nifty index hit a new high of 21,006.10, rising as much as 105 points in intra-day deals. It ended at 20,901.15 in the previous session (December 7). It took the Nifty 61 sessions to hit the 21,000 mark after hitting the 20k mark on September 11, this year.
Global Reflation Fears: Does India Need To Worry?
Feb 26 2021, 7:28 AM
February 25 2021, 7:54 AM
February 26 2021, 7:28 AM
With governments and central banks continuing to add stimulus to support their respective economies, global markets have started to price in reflation. Commodity prices are rising and so are bond yields, on fears that inflation could make a stronger-than-anticipated comeback.Does India have cause to worry amid these rising global commodity prices? Yes and no, said economists pointing to the fractured correlation between global and lo.
With governments and central banks continuing to add stimulus to support their respective economies, global markets have started to price in reflation. Commodity prices are rising and so are bond yields, on fears that inflation could make a stronger-than-anticipated comeback.