Thread by @BiIndia

One of India's money managers explained ‘the mother of all bull runs’ using @SrBachchan-starrer Amar, Akbar, Anthony

businessinsider.in/stock-market/n…

@NileshShah68 @KotakMF

By @jainrounak

@SrBachchan @NileshShah68 @KotakMF @jainrounak Indian benchmark stock indices have nearly doubled since crashing in March 2020. However, the economic situation might leave you confused if you compare it with the stock market performance.

@NileshShah68 @KotakMF #BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak But there is a reason why the #stockmarkets are on a bull run while the economy hasn’t picked up pace yet. Nilesh Shah, the managing director of Kotak Mahindra Asset Management company explains this phenomenon using a simple analogy.

@NileshShah68 @KotakMF #BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak The Indian stock markets have seen a bull rally like we’ve never seen before. After the bear hug in March 2020, Indian stock markets #Sensex and #Nifty have almost doubled after a rally of nearly 90%.

#BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak This has left many retail investors confused, making them wonder when the markets will correct and fall. To understand why the markets have been rallying, Business Insider India spoke to @NileshShah68, the managing director of @KotakMF.

#BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak Many sceptics argue that the recent rally cannot sustain⁠ and that a sharp fall is inevitable, given that the economy as a whole has contracted. In his retort, Shah explained that while markets are forward-looking, economic data is backward-looking.

@NileshShah68 #BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak He cited the spike in #GST collections ⁠— a record high in December ⁠— aside from data from the Google mobility index and the Reserve Bank of India’s foreign exchange reserves to back his argument.

@NileshShah68 #BudgetInsider

@SrBachchan @NileshShah68 @KotakMF @jainrounak According to data obtained from Centre for Monitoring Indian Economy (CMIE), #unemployment rates have shown an improvement when compared to the peak of the #COVIDPandemic.

@NileshShah68 #BudgetInsider