India’s booming stock market is drawing both local novices and global investors to shares of the financial, industrial and technology companies that dominate its listings
Image: Punit Paranjpe / AFP
Until the pandemic, India’s stock market was like another world that Dilip Kumar never had a reason to visit. But like so many other people around the world who were stuck at home, he began to see it as the place to be.
Kumar, a proposal administrator at an engineering company in New Delhi, set up a free stock trading account through Zerodha, India’s largest online brokerage firm. He plowed some of his savings into Indian Railways as well as a clothing retailer and a cinema chain.
“I invested in all the things I was using daily,” he said. Since then, he’s gotten “a big return in quick time” — more than doubling his money in a little over a year.
Plenty of others want in on the action.
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