The ascendency of India as an economic world power

Indian economy is growing fast and this growth is also reflected in the share market these days. Today, India’s Sensex index climbed and at one stage touched 17000 points. This is the first time that Sensex touched 17000 points. However, in the end of the days, Sensex fell down some and did not stay in the 17000 level.

NDTV reported:

The Sensex touched a high of 17,073 levels in intra-day deals. This is the shortest time that the Sensex has taken to rally 1,000 points and comes a day ahead of the F&O expiry.

It has taken just five trading sessions for the Sensex to hit 17k from 16k levels.

At 17,000 levels, the Sensex is trading at a PE multiple of 22.38 times. The surge comes on the back of FIIs pumping in Rs 14,600 crore in the last five trading sessions in the cash and F&O segments.

This is not bad but I hope that it does not affect small investors. In the past, we have seen that small investors suffer when share market becomes unstable. Many families in India depend on the income from the share market.