Published on 3 Dec 2021 on Insider Monkey via Yahoo Finance
9 Best Indian Stocks to Buy Right Now
In this article, we discuss the 9 best Indian stocks to buy right now. You can skip our detailed analysis of the Indian stock market, and go directly to read the 5 Best Indian Stocks to Buy Right Now.
The Indian stock market suffered a lot in the face of the pandemic in 2020. According to a paper published by Business Perspectives, the BSE SENSEX, a stock market index of 30 well-established companies listed on the Bombay Stock Exchange, fell by 13%-14% in a single day in March 2020. However, as the effects of the pandemic began to dwindle due to the rollout of vaccines, the Indian stock market regained its strength.
According to a recent report published by CNBC, based on Goldman Sachs’ recent analysis, the Indian Stock Market could become the fifth-largest market by 2024, surpassing the UK, and will be valued at over $5 trillion. Moreover, the country’s share in the global stock market value is expected to reach 3.7%, from 2.8%, in the next five years. This growing value of the Indian stock market is bringing both local and global investors to invest in the market.