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The Indian equity markets are close to the all-time highs seen in October 2021, before the Ukraine crisis and central bank rate hikes roiled sentiment.
The S&P BSE Sensex closed at 60,950.36 on Friday. This is 815 points away from the October 18 all-time closing high of 61,765.60. The market had touched 62,245.43 during trade the next day but closed lower. A comparison with global markets shows that India has outperformed most since then amid all the global volatility (chart 1).
Some sectors have moved higher since then. The capital goods index is 22.5 per cent higher than it was
