India could be the best stock market in 2022? At the end of 2022, the Indian stock market will show one of the best results among the world’s largest stock markets. Higher growth will show only in markets in Singapore and Indonesia, writes Bloomberg. 

Since the beginning of the year, the S & P BSE Sensex, which tracks the dynamics of the shares of the 30 largest Indian companies on the Bombay Stock Exchange (BSE), has grown by almost 4%. By comparison, the MSCI All Country World Global Index lost about 20% over the same period.

Outlook for stock markets in 2022

While Western markets slumped amid rising interest rates and fears of a recession, the Indian market, on the other hand, reached record highs. The leaders in growth this year were securities of companies associated with billionaire Gautam Adani – some of them more than doubled in value over the year. Bank shares also showed strong dynamics due to a sharp recovery in demand for loans. Meanwhile, the current price of the Nikkei 225 is declining amid a news backdrop. 

On the contrary, technology companies, whose quotations went down after the recent IPO and software outsourcing companies turned out to be outsiders. Fears of lower demand for their products abroad played against the latter.

Nevertheless, prospects for the Indian stock market are not so clear-cut. In particular, shares are expected to lose growth momentum next year due to their inflated valuations. A slowdown in the global economy in the near term could also hit India.

Earlier, we reported that Tesla’s current market capitalization has lost ground to Exxon Mobil.