This significant increase was driven by a strong performance in the S&P BSE Sensex, which added 1,048.49 points, and the NSE Nifty50, which gained 343.65 points.
Notably, there has been an increase in foreign institutional investments (FIIs) in Indian equities, driven by the attractive valuations and growth prospects of Indian companies.
To recall, in mid of last week Prime Minister Narendra visited Singapore and met the country's top business leaders and CEOs. The CEOs from prominent Singaporean companies, include Blackstone Singapore, Temasek Holdings, Sembcorp Industries Limited, CapitaLand Investment, ST Telemedia Global Data Centers, and Singapore Airlines, pledged their commitment to invest in India.
Positive domestic economic indicators, including robust GDP growth and strong corporate earnings, have further bolstered investor confidence.
Supportive government policies and regulatory measures aimed at boosting economic growth and stability have also played a role in enhancing market sentiment.
Key sectors such as IT, banking, auto, and financial services saw notable gains, contributing to the overall market rise.
Last week, PM Modi visited Indonesia to attend the ASEAN-India Summit and the East Asia Summit and discussed strengthening economic and strategic ties with ASEAN countries. The prime minister emphasized cooperation in areas like trade, investment, and maritime security.
During his trips to Singapore, Indonesia as well as trip to Poland and Russia, in last month, several Memorandums of Understanding (MoUs), investment commitments were signed in areas such as digital cooperation, education and skills development, health and medicine, and the semiconductor ecosystem.
This has boosted the Foreign investors' confidence in Indian markets.
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