How is Sensex keeping uptrend, any boosters?

New Delhi, April 01: As Sensex is powering upwards to 59,000 many financial pandits are asking questions, why Indian burses are going up in spite of Russia-Ukraine war and other crises situations prevailing in economy worldwide.

As the benchmark Sensex at BSE and Nifty at NSE rose 1.2 per cent on Friday and are trading above the pre-Russia-Ukraine war levels. There have been several indications of Indian economy, riding production and consumer buying activities catching pre-covid-19 activities and tax management by the Government of India, leading to record GST collection for March 2022.

Auto, coal, power generation, supply and food production etc. are the main indicators of revival. There is also an impact of recent electoral victories of NDA govt. with expectations of pick-up in pace of liberalization in India, adding to the booster sentiment, feel some policy makers.