Synopsis of India Index Dashboard for February 2015:
- Before the weekend, February looked to be an indifferent month
for the Indian markets and when PM Narendra Modi’s highly anticipated
first budget arrived on Saturday, an extra trading session gave
Indian investors the chance to share their verdict. The traders
judged the budget to be business friendly, adding 141 points to
the S&P BSE SENSEX to make it 0.6% for the month.
- Growth companies had a good month, although not if they were
new joiners to the party. The S&P BSE IPO index of recently
listed companies lost 5.2% in February while - top of our strategy
charts this month - the S&P India LargeCap Growth extended
its year-to-date lead with a rise of 2.9%.
For more information, refer to
India Index Dashboard February, 2015