And a good afternoon to all of you. Yeah, my name is Daniel Ang and I'm based in Singapore and I have been doing this for almost 40 years now. So I've accumulated quite a fair bit of experience.
And today the topic will be on lndia and in particularly the Nifty 50 index, which is an equity index based on the 50 component stocks of the Nifty. Of course, we'll also talk a little bit about currency, the Indian Rupee.Now both India equity markets as well as the rupee is not too much talk about among investors because most people will be looking west towards to trade the american equity markets as well as in Europe and in Asia.We know we had a dominant one, which is the Nikkei 225 and of course the chinese equity markets.Now India is hardly mentioned as far as investors are concerned, but that is a mistake because India is a big market.
In fact, India equity market is one of the best performing market this year, even better than the Nikkei 225 up to date. For the year itself, we are only at a halfway point. We are almost at the end of Q two. Now the Nifty 50 is already up more than 9%. And as of today, this morning, the Nifty 50 is at a record high.So we're going to be talking a little bit about the fundamentals behind the indian economy in particularly the GDP inflation situation and what's ahead for India and how it may impact the indian equity market in regards to the Nifty 50 equity index.And of course we will also be also talking about the currency itself, the indian rupee. We also know that this year we can see that most emerging markets including India, has been on the rope as far as the currency is concerned, largely due to the action or inaction by the Federal Reserve, because the whole world is waiting for the Fed to actually pivot. And until they do so, emerging market currencies, including the indian rupee, will be falling.And it has been falling for quite some time now. And later on, when I show you the technical outlook, it gives you a sense of whether is it time that the market is about to stabilize and maybe rebound.
Now, without much ado, let's get into the content itself. But just before that, just want to remind you guys that this presentation is not an offer to buy or sell any kind of securities. And definitely it should not be constituted as an investment advice. And the trading of any kind of margin product, including futures options. They do carry risk of loss.
So before you attempt to trade any kind of margin products, just be aware of your own suitability and of course, do some homework on your own before you attempt to trade any kind of margin products. And of course, I'll be sharing with you my views of the, the indian equity markets as well as this currency itself. And just do be aware that these are.My opinion has got nothing to do with the host, which is a direct access as well as the sponsor for this event. And of course, we will not be responsible for any action that you may take as a result of attending this presentation. And then, of course, this entire contender has not been vetted by the relevant regulatory authority, including the Singapore Monetary authority of Singapore. Okay, just be aware of this condition here.
Now, we want to get into the main thing itself, which is the GDP. Now, of course, the GDP refers to the gross domestic product.It is a measure of the size of the national economy and is also based over a period of time.We can see whether the economy is growing or not growing. Now, we can see that as far as the major economy is concerned, we have here the United States being the largest economy in the world right now.This is measured in trillions of dollars. Now, the US economy is worth just under $29 trillion as of the last number that we have. And these numbers is basically, I got these numbers from the International Monetary Fund. And this is the latest that I have coming right behind.
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