CNBC reports that according to Morgan Stanley, Indian stocks have been outperforming other emerging markets for nearly six months and could continue to do so if supportive measures are in place,
The outperformance began in April but the market’s short-term performance remains hinged to global factors, the U.S. investment bank said.
“We have been arguing that for this outperformance to be sustained, India needs to continue to deliver policy that lifts India’s potential growth in the eyes of market participants,” Ridham Desai, equity strategist, and Sheela Rathi, equity analyst, said in the report.
Three factors have helped India’s strong performance: an improving policy environment, corporate response to the pandemic and “an attractive starting point of valuations,” the bank said.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.