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Indian Indexes Are in Green as Other Asian Indexes Are Cautious
Indian indexes were the best-performing ones in Asia today. The S&P BSE Sensex gained 0.4% to close at 39,592 while the NSE Nifty 50 gained 0.43% to close at 11,848. Out of the 30 stocks in Sensex, 19 gained, and the remaining lost. With 1.64% gains, HDFC Bank (HDB) was one of the top gainers.
India and Indonesia Indexes Gain as Most Other Asian Indexes Fall
India’s two key indexes, the NSE Nifty 50 and the S&P BSE Sensex, broke their losing streak even as most Asia-Pacific indexes ended in the red. The S&P BSE Sensex gained 0.8%, while the NSE Nifty 50 rose 0.83%. Both the indexes maintained upward momentum throughout the day.
Will Demographics Help India Benefit from the Trade War?
With a population of 1.3 billion and a median age of 29 years, India has a huge workforce that's ready to take on opportunities. At 24%, India’s female labor force participation rate is one of the lowest in the world. India needs to reskill and upskill its workforce and get more women in the workforce to take greater advantage of its demographics.