Is the Indian stock market in a bubble?

Since the nationwide lockdown announced by the Prime Minister in March 2020, the Indian economy has faced its worst contraction in history. Yet, the country’s stock indices, the Sensex and the Nifty, have almost doubled in price from the low that they hit in April 2020. Many analysts and even the Reserve Bank of India now believe that stocks are in a bubble. Here we discuss the current state of Indian markets. Guests: Alok Jain, a SEBI-registered investment adviser and a momentum investor; Anand Srinivasan, a value investor and the author of Ordinary Stocks, Extraordinary Profits Read the Parley article here. You can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher. Search for Parley by The Hindu. Write to us with comments and feedback at [email protected]