The stock market was down for most of 2016, but has picked up in a big way in 2017. Today, the Indian NIFTY hit its highest level ever. PM Modi’s significant electoral win recently has attracted a lot of foreign institutional investment into the Indian markets, as the “India story” looks good. These are great times if you are a small time investor in Indian stocks like me Buy quality stocks and just hold!
By the way, this comes after PM Modi’s demonetization program towards the end of 2016, where he declared 86% of the high denomination cash invalid, which so-called experts in the media said would spell doom for India and said that the Indian markets were headed for a permanent collapse and that Modi would never win an election again in India