SIP or luxury car.

"Nifty50 in the past six months has shown a solid up-move of ~14%. India has been amongst the best-performing markets globally." ET. "Being a domestically oriented economy, falling raw material prices and favorable high-frequency indicators are some of the factors that favor India." "Nifty currently trades at a P/E (price/earnings ratio) of 22.2x which is trading closer to its historical average P/E of 21.2x." This is similar to the P/E ratio of the Dow Jones Industrial Average in the US at 21.35 on 25th November. WSJ Markets. "Earlier this year, Jefferies' global head of equity strategy Christopher Wood had said that a target of Sensex at 1 lakh (100,000) is eminently achievable by FY27 and now Dalal Street's veteran fund manager Hiren Ved has said it is possible even earlier by 2025." ET. Not to be outdone, Raamdeo Agrawal of Motilal Oswal Finance predicts that if the Sensex keeps compounding at 15% annually it can reach 200,000 within a decade. The S&P BSE Sensex is at a record 62,456.02 this morning. The question is: can the Sensex just keep on growing? Can it reach 1 million, or even infinity? India is an exception because, "The price-earnings ratio of the benchmark MSCI Emerging Markets Index, based on trailing 12-month profits, has fallen below its price earnings ratio based on estimated earnings for the next 12 months, showing that analysts expect earnings to fall faster in the future." ET. "The MSCI EM Index has tumbled 31% so far this year." "The number of demat (dematerialised) accounts rose to 10.4 crore (100.4 million) in October, 41 percent higher from a year earlier, on attractive returns from the equity markets, even as incremental additions of such accounts have been on a declining trend for the past few months." ET. "Large numbers of newbie retail investors have taken to speculation in the stock market in hopes of becoming rich quickly." ET. "Retail investors now account for 52% of daily transactions in the market with DIIs (domestic institutional investors) and FIIs (foreign institutional investors) accounting for 29 percent and 19 percent respectively." Investing in shares in apparently hurting sales of luxury cars in India. "The luxury car industry has been booming post-Covid-19 pandemic but according to one Mercedes Benz India official, SIP are hindering the growth of the industry in the country which is home to the third largest number of billionaires globally." ET. SIP, or Systematic Investment Plan, "allows an investor to invest a fixed amount of money at a pre-defined interval in the selected mutual fund scheme." SBI Mutual Fund. In all the good news, "Strategists at Goldman Sachs Group Inc. expect Asia's equity leadership to shift from Southeast Asia and India to markets like China and Korea next year, while Societe Generale SA says Taiwan's tech-heavy market is also at an inflection point." ET. Even at 19.9% FIIs hold $582 worth of Indian stocks. BS. And thereby hangs a tale.