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India’s capital-markets sector posts 30% one-year rally, leads all themes
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India’s capital-markets index rose ~30% over a year, led by BSE which gained ~70%, on asset-financialisation trends.
The NIFTY Capital Markets Index has delivered about a 30% return over the past 12 months, emerging as the best-performing thematic and sectoral index across India's equity universe. Within that, the Bombay Stock Exchange (BSE) itself recorded roughly a 70% gain. The performance reflects growing financialisation of assets, rising brokerage/fin-tech activity and strong investor participation in capital-markets services. Analysts note the strength is noteworthy given broader market headwinds and muted earnings in other sectors.